Author: Denise Wooley
Planning Unit: Graves County CES
Major Program: Financial Education - General
Plan of Work: Teaching Workforce Preparation and Financial Management
Outcome: Initial Outcome
Estate planning can save time, money, and stress for grieving family members upon death. Making an estate plan helps ensure wishes are carried out the way you want, and in a timely manner.
Estate planning is not just for the wealthy or aged. It involves arranging for the use and disposal of your resources and property after your death. It can be a valuable tool for you and your loved ones.
Yet only about 33% of Americans have put these plans in place, according to a new survey from senior living referral service Caring.com. That means that 67% are leaving what happens to them and their assets in case of disability or death up to others, including the state.
Graves County Extension partnered with a local attorney specializing in estate planning, elder law, and estate administration as well as a local farm financial service specializing in bookkeeping and tax services for farmers. As a result of the estate planning seminar attended by close to 50 people.
95% plan to implement at least one strategy learned in regards to estate planning
82% have created at least one specific estate planning related for their family, farming operation or business based on what was learned
95% stated that yes, they feel what they learned has assisted them in being more effective at managing their estate planning needs
Attendees stated:
- I plan to talk to my family regarding my wishes
- I will get a living will directive and revise my will
-Plan to move forward on planning as it is important to my heirs
-I plan to start planning my estate while I can
-I plan to get a will
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