High Rates of Intestacy
I recently read an article about the high rates of intestacy (dying without a will) in the United States. Some of the theories about why people die without wills are cost, fear of death, procrastination, laziness, or the belief a will is unnecessary. This article blamed the high rates of intestacy not on any of the usual reasons, but instead upon lawyers’ failure to market wills to potential customers.
I agree with this theory. I most likely would not have an estate plan if I wasn’t an estate planning attorney. Not because I can’t afford it or don’t want to protect my family – but because I would have no idea who to contact or how to get started.
That’s one of the reasons I’ve tried to make the estate planning process as simple as possible for consumers – I know many families out there who need estate planning but have no idea what it will cost, where to start, or who to call.