In 2008, Congress declared the third week in October as National Estate Planning Awareness Week. This week is to be used for estate planning attorneys to spread the word about their services and why it is so important to put together an estate plan.
Only 4 in 10 Americans have an estate plan in place, and many of those have the wrong estate plan. Estate plans are not just for the rich and famous. Most people have at least one thing of value, such as money in the bank, a car or a home. Far too often, people make the mistake of failing to properly plan for economic security for their families should they encounter incapacity or death.