Most of us are aware of the financial arrangements involved in planning for our loved ones after we’re gone. From writing a will to securing a life insurance policy, we know the steps we need to take, although many people put off this important financial preparation. In fact, a recent survey showed that 68 percent of Americans don’t have any will or other estate planning documents in place.1
Estate planning is an uncomfortable and difficult experience for many of us. As well as dealing with the emotional side of this kind of financial planning, we must also tackle a tangle of legal requirements over assets, bank accounts and other finances and, we now face the added complication of digital assets.
1 2020 Estate Planning and Wills Study, Caring.com, December 2019, Accessed September 9, 2020