Don’t think you need an estate plan? Think again. Below are some interesting facts of which you may not be aware.

  • In 2012, an estimated 50 percent of Americans with children did not have a Will or any form of estate planning documents in place.
  • One in eight baby boomers will get Alzheimer’s after they turn 65.
  • The average per-person Medicare costs for those with Alzheimer’s and other dementias are three times higher than for those without these conditions.
  • Marilyn Monroe left ¾ of her estate to her acting coach, Lee Strasberg, but failed to set up a trust for purposes of planning beyond his death. Consequently, Mr. Strasberg’s third wife inherited what was left of Monroe’s estate plus the licensing rights to Monroe’s products.
  • James Gandolfini’s will was admitted to probate and therefore became public for all to see and comment upon because he did not have the proper estate planning documents in place to keep his affairs private.

To begin, review, or update your estate plan, contact one of our professionals today.