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Most of the 55-and-older crowd do little planning for end of life

February 24, 2019

From the CNBC website

By the time you reach your mid-50s, there’s a good chance you’ve thought about your own mortality. It appears that doesn’t always translate into planning for the end of your life.

Close to half of people age 55 and older (45 percent) don’t have a will, according to a study released Thursday by Merrill Lynch and Age Wave. Just 18 percent have a will and two other key estate-planning documents: a living will and durable power of attorney (more on those below). That’s despite a general consensus that people should have a plan in place by age 50.

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