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Why you shouldn't put off having a will until you're elderly

If you ask almost anyone if it is important to have a will in place before you pass away, they'll say that it is. However, statistics show that as much as these people may know how important it is, many of them do not follow through. Roughly 50 percent of people in the United States do not have a will on file.

One reason for this is that many people do not think they're old enough to need a will. They anticipate passing away due to old age in their 80s or 90s. For someone in his or her 30s, that doesn't seem remotely close yet.

What you cannot ignore, though, is that everyone does not get to live long enough to pass away from old age. Around 40,000 people die annually in car accidents. In 2016, guns claimed 12 lives for every 100,000 people in the United States -- which has a population of 325.7 million. Roughly half of those people did not have a will.

It can be a hard conversation to start. People often feel uncomfortable. Some do not like to talk about their own passing. Children who know their parents need a will may not want to bring it up either. Therefore, they put it off and hope to address it when they're closer to needing it -- even though no one knows how close they are.

If you do not have a will, it may be wise to sit down and consider all of your legal options to help your family after you have passed on.

Source: Time, "Half of Americans Don’t Have a Will. Here’s How to Fix That for Your Family," Kerri Anne Renzulli, accessed April 12, 2018

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