Trust & Will notes that settling an estate through probate court can take over two years, during which your family won’t have access to your assets. Financial expert Suze Orman advises organizing your finances now to avoid this lengthy process. In just 30 minutes, you can set up essential legal documents like a will, revocable trust, financial power of attorney, and advanced directive, along with a durable power of attorney for health care, ensuring your decisions are honored and your family is protected. However, a Gallup Poll reveals that only 46% of U.S. adults have wills, and even fewer have trusts. The poll also highlights disparities: upper-income, college-educated, and white Americans are more likely to have these estate planning documents compared to their lower-income, less-educated, and non-white counterparts.
https://finance.yahoo.com/news/suze-orman-explains-why-savvy-161512756.html
