Most Amercians Take "Ostrich" Approach to Estate Planning
A new poll conducted for the lawyer directories Martindale-Hubbell and lawyers.com found that 55% of Americans do not have a will. Many of those who have done no planning simply don't want to think about their incapacity or death or feel that they do not have enough assets to justify a will. I call this denial of reality the "ostrich" approach to estate planning - hide your head in the sand and hope that everything turns out okay. There is an old Steppenwolf song called "The Ostrich" with that line in it - one of my favorites by them.
Just like taxes, death is inevitable - you might as well do your best to protect your family and make things as easy and inexpensive as possible for them.
