Success StoryEstate Planning



Estate Planning

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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