Creating an estate plan is crucial for everyone over the age of 18, yet few Americans are making it a priority. A recent survey by elder care site Caring.com found 64% of Americans believe having a will is important, yet only 32% of Americans have an estate plan.
It’s an overwhelming and confusing process that can be hard to tackle — especially if you don’t know all the options available to you. Some of these options — such as a living trust — even allow you to control the preservation of your assets while you’re still alive.
This post originally appeared at Kiplinger.