A new survey shows only half of American parents have a living trust document or a will.
That’s according to a survey by Caring.com.
The survey also showed that out of those who have a will, only 40 percent have updated it within the last five years.
Possibly the most alarming revelation is one-fourth of adult children don’t know if their parents ever updated their will, and 16 percent of adult children didn’t know if their parents even had a will.
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