Dying Without a Will
Dying Without a Will May 26, 2023 By Melinda Gustafson Gervasi Image by M. Gustafson Gervasi, 2023 Survey Says! According to a 2022 survey by caring.com , 67% of Americans do not have a will even after the COVID-19 pandemic increased everyone's awareness that no one's tomorrow is guaranteed. Of those surveyed who did not have a will, 40% of them cited "not having gotten around to it" as the reason they did not have an estate plan in place. Dying without a will means you lost control over: Who act as your Personal Representative (that is the term we use in Wisconsin, other states use the title of Executor); Where your minor children and or pets will live and be cared for; and What will happen to your assets. Estate planning, the process of writing documents that say who is in charge and what happens if you are alive but too sick to act (powers of attorney) or if you die (will or trust), boils down to one simple word, control. When you set aside the time to make th...