Friday, May 14, 2010

The 75 or the 25: Which Group Are You In? If You Are Not In the Good Group, You Have Work To Do!

Yes, the 25 or the 75, an interesting look at two groups that have been studied by experts for decades. Which group are you in?

Of course, I'm speaking about which groups have done their estate plans, because, of course, I write about estate planning. All reliable studies show that around 25% or less of adults have done their estate plans and far fewer keep the plan current.

The purpose of this article is not to explore why so few people have done their estate plan. That has been studied and debated for so long now, rehashing all the theories is not very useful. The purpose of this article is simply to point out that these two groups exist and to encourage more of you in the 75% group to get your estate plan done.

So let me offer this encouragement in this article. Estate planning is about protecting your family. It is one important and tangible way you demonstrate how much you care about your family.

Please consider this thought: estate planning is not about how much money you have, but all about how much you care for those people you do care for and about. Estate plans come in all shapes and sizes and are not very expensive for what they do for your family.

Let me know your thoughts and if you have questions about starting or completing your estate plan. Let's work to reverse those numbers.

Thanks, as always, for your interest and support.

Bernie Greenberg

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