Fewer Americans prioritizing estate planning

By Gary Linnell

ProWEB Wire (Industry News)

Only 51 percent of Americans have estate planning documents, such as wills, trusts or power of attorney, indicate findings from Lawyers.com.

This figure, which is compared with a rate of 64 percent in 2007, represents a decline of 13 percent, not especially surprising news considering that 71 percent of those surveyed say focusing on saving money is more important than the long-term planning of their estate.

Meanwhile, findings indicate that 35 percent of Americans have wills (down from 45 percent in 2007); 29 percent have power of attorney for finances or health care (down from 46 percent on 2007); and 18 percent have a trust (down from 31 percent in 2007).