A lot of people go through life living in the moment and they get into a routine. They keep themselves busy dealing with day-to-day matters and they move through the weeks and months with blinders on.
But every once in a while an event can get your attention. The untimely death of the singer Whitney Houston is one of these news pieces that can motivate you to take action.
Houston was a top-selling recording artist when she was at the pinnacle of her career and she actually set an industry record with seven consecutive number one records. She was also an actress, and she was honored by her peers in the entertainment industry with six Grammy awards and two Emmys.
Whitney Houston was just 48 years of age when she passed away. The details of any estate planning she may have done have not yet emerged, but most observers expect her daughter Bobbi to be her primary heir.
Research tells us that a significant majority of people who are under the age of 50 do not have an estate plan in place. The average life expectancy in the United States is around 78 years so it is likely that you will live well beyond your 50th birthday.
However, as we can see from the case of Whitney Houston, nothing is certain and it is certainly better to be safe than to leave your loved ones to fend for themselves without any provisions having been made to provide for them.
If you are currently unprepared, take the first step and arrange for a consultation with an Ashland, Kentucky estate planning lawyer.