10 Things You Should Know About Estate Planning

Estate planning is all about taking charge of your legacy.

Will with a pen
(Image credit: Getty Images)

An estate plan lays out how you want your assets handled at your death or when you’re physically or mentally incapacitated. No wonder most people procrastinate creating one.

“It’s shocking how many people don’t have their documents in order,” says Bruce Tannahill, a director of estate planning with MassMutual. Only one out of three Americans has an estate plan, according to a 2023 survey from senior living directory service Caring.com.

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David Rodeck
Contributing Writer, Kiplinger's Retirement Report