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  • Death and taxes may be life’s only guarantees
  • 55% of Americans die without a will.
  • 69 % have no living will or medical directive.
  • 27 % of Americans have created powers of attorney for healthcare.
  • 26% have powers of attorney for finances.
  • 21% of Americans have created a trust as part of an estate plan.
  • 21% of Americans without an estate plan say their biggest reason for not having one is a lack of sufficient assets.
  • 15 % say they are not old enough.
  • 25% say their biggest motivation for creating a will was the arrival of or preparation for children.
  • 7% were motivated by a significant long-term relationship, such as a marriage.
  • 8% of Americans have personally experienced problems after the death or incapacitation of a loved one due to a lack of or improperly prepared estate plan, including conflicts over asset distribution.
  • 38% say they review or anticipate reviewing their estate plan documents at least once a year, and 22 % say once every two to three years.
  • 8% of those Americans without an estate plan say they do not have one because they do not want to think about dying or becoming incapacitated.

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On this day...

2011 The official US military policy of "don't ask, don't tell" ends The policy was instituted by the administration of Bill Clinton in 1994. Under the policy, openly gay personnel were not allowed to serve in the United States military, but they could serve as long as they did not reveal their LGBT status.

2001 American President, George W. Bush Declares War on Terror The global military campaign against terrorism was first declared in the aftermath of the September 11 attacks in the United States. The phrase was used by President Bush in a speech given to the United States Congress.

1984 The Cosby Show Airs for the First Time The popular television sitcom followed the lives of a Brooklyn-based African-American family called the Huxtables. The show ran for 8 years on NBC and was largely based on the stand up comedy of Bill Cosby, who played the role of Heathcliff "Cliff" Huxtable, the father in the show.

1973 Billie Jean King Wins the Battle of the Sexes The mixed gender tennis match between top tennis player Bobby Riggs and Billie Jean King was held in Houston, Texas after Riggs won another mixed gender match against Margaret Court earlier in the year. The matches were prompted by Riggs’ comments that even at an age of 55, he could beat any female tennis player. King beat Riggs and took home the $100,000 prize money. The match was and still is one of the most viewed tennis matches on television - it was watched by about 90 million people around the world.

1904 Wilbur Wright Makes the First Circular Flight Wright, who with his brother Orville, is credited for inventing the first airplane, made a complete circle in 1 minute and 16 seconds on the Wright Flyer II.


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