A Document That Matters
A whopping 70 percent of U.S. adults don't have a will or other estate documents, according to a recent MSN story. Surprisingly, an even higher percentage (74 percent) of parents with children under age 18 have no such documents. Ironically, the main reason for having a will is the very issue that holds many parents back from getting one. Nearly 20 percent of parents said they haven't had a will put together because they can't decide on a guardian.
Matt's View
No one likes to deal with death. But if you have children under age 18 you absolutely need a will. Let's face it; no one will do as good a job as you in raising your kids. And that makes it tough to choose a guardian. But no one will do as good a job as you in choosing the best guardian for your kids either. It's far better to make that choice yourself instead of leaving it up to someone else.
This article filed in: Estate Planning
Managing Money by The Book
- "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock." - Matthew 7:24-25
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