According to a survey conducted by FindLaw.com, 58% of adult Americans do not have a will, one of the most standard documents in any estate planning strategy. The study also found that age was a significant factor; Americans over the age of 50 were much more likely to have a valid will than those younger in age.
People without a will have little or no control over how their assets would be distributed in the event of their death; most of their property would be distributed in accordance with the applicable intestacy statutes.
Make sure your property is distributed to the people you want after your death. Call Austin estate planning lawyers Slater & Kennon, LLP at 512-472-2431.
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