Imagine this: everything you’ve worked for, from your treasured belongings to your critical healthcare decisions, left uncertain and unprotected. It may sound like a distant possibility, but for 68% of Americans, this isn’t just a “what if”—it’s their current reality. Without a clear plan in place, the legacy you’ve built is at risk of being dictated by chance. Let’s explore why legacy planning is essential and how you can take control of your future.

According to a 2023 survey, just 32% of U.S. adults have taken the important step of setting up a will or trust. This means the majority of Americans are unprepared when it comes to managing their assets, making healthcare decisions, and ensuring their end-of-life wishes are honored. Estate planning is more than just distributing assets—it encompasses crucial decisions around healthcare and guardianship. Yet, many still hesitate to get started. Why is this?

It’s no surprise that many people are uncomfortable discussing topics like death and the distribution of their assets. In fact, 68% of Americans procrastinate creating a will. Often, this procrastination results in rushed decisions that place added stress on family members during difficult times.

A common myth is that estate planning is only necessary for the wealthy. But the truth is, anyone with assets, children, or healthcare preferences benefits from a will or trust. Estate planning covers not just financial inheritance, but also healthcare directives and guardianship.

Estate planning isn’t just about distributing your financial assets; it also involves making critical healthcare decisions. For instance, creating a living will and appointing a medical power of attorney ensures that your medical preferences are followed in case you’re unable to communicate them yourself. Despite its importance, only 46% of Americans aged 50 and older have an advance healthcare directive, leaving families to make difficult choices without clear guidance.

Some people delay creating a will or trust because they assume the process is too complicated or expensive. Yet, affordable solutions like Trust & Will or LegalZoom can simplify the process. Tools—like
SmartHeritance—also make it easy to manage all of the information and make it accessible when the time comes.

Guardianship for minor children: A will allows you to designate who will take care of your children, which is crucial for young parents.

Health care directives: A living will outlines your preferences for medical care, such as life support or resuscitation decisions.

Financial power of attorney: This allows someone you trust to manage your finances if you’re incapacitated.

Funeral arrangements: You can pre-plan your funeral to ensure your final wishes are followed.

With only 32% of U.S. households having a will or trust, millions of families are at risk of legal disputes, financial uncertainty, and unclear healthcare decisions. Estate planning ensures your wishes are respected, reduces the potential for conflicts, and provides peace of mind for your loved ones. Regardless of the size of your estate, it’s never too early to start securing your legacy.

Visit SmartHeritance to learn how our solution complements your estate planning by securing your assets for the next generation.