April 2021: Stat Bank

Journal of Financial Planning: April 2021


32…Percentage of people ages 18 to 34 who said they got a will because of COVID-19. (LegalZoom)

21…Percentage of people ages 18 to 34 who said they drew up a will specifically because they or someone close to them contracted COVID-19. (LegalZoom)

62…Percentage of Americans who don’t have a will. (LegalZoom)

12…Percentage of people who have a will who created them in the past 12 months. (LegalZoom)

$68 trillion…The amount of money that will move between generations within 25 years. (Cerulli)

$300-$1,000…Depending on a client’s situation, they can expect to pay this for a lawyer to draft up a will. (Investopedia)

63…Percentage increase in young adults with a will since 2020. (Caring.com)

18-34…The age range more likely to have a will than 35- to 54-year-olds. (Caring.com)

2 out of 3…Number of adults who still don’t have a will despite the pandemic. (Caring.com)

33…Percentage of people who said they have a will or other estate planning documents in 2021. (Caring.com)

1 out of 3…Number of people who said COVID-19 made them see a greater need for an estate plan.

31…Percentage of those who saw a greater need for an estate plan but hadn’t yet done anything about it.