Download: Survey says only 56 percent of parents have a will or living trust

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A new survey shows only half of American parents have a living trust document or a will.

That’s according to a survey by

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.

Read more here.

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