08/19/2026
Did you know it is National Make-a-Will month?
According to a recent report issued by Trust and Will, a mere 31% of Americans have a Will and just 11% have a Trust, leaving over 55% of Americans without any plan in place. The article discussing the report provided interesting statistics regarding the factors making individuals more or less likely to create an Estate Plan. The author cited age, income, education, wealth, and race among the most important indicators influencing the creation of an Estate Plan.
Although this blog often focuses on Revocable Trusts and the flexibility, continuity, and protections that they provide, Wills play a vital role in Estate Planning. Many Trusts and Estates practitioners remind individuals that Trusts avoid the probate process, which can be lengthy and expensive in some states, but even a Trust-based plan needs to include a Will.
Many folks believe that if they have a Revocable Trust, then they need not have a Will. Nothing could be further from the truth.
I tell my loved ones, I am happy if you get an estate plan in place regardless of who you hire.
If you need further guidance, do not hesitate to reach out. I would be happy to assist or to find you a qualified attorney I trust.
August is National Make-A-Will Month, a time to take a moment to think about the future and how you can protect it. FINCA is here to help.