Needing an Estate Plan as US Life Expectancy Falls
Updated: Jan 9
If you have been paying attention to the news you may have noticed a recent story making the media rounds that US life expectancy fell to 77 years old in 2020. This was a dramatic decrease by almost 2 years, due in part to the ongoing Covid-19 Pandemic which was the third leading cause of death in the US behind heart disease and then cancer. The CDC said this life-expectancy decrease from 2019 to 2020 was the largest single-year decrease in more than 75 years.
It's never pleasant or enjoyable to contemplate the end of our lives and the difficulties that entail for our loved ones left behind. Unfortunately, death is a certainty for each of us and nobody knows exactly when it will be their time. Do you know who will take guardianship of your kids or what your long-term care plan will be? This is why having an Estate Plan is a critical piece of legal preparation that will give you peace of mind in knowing that your future and loved ones are taken care of.
Whether it's a Will, Trust, or a simple Lady Bird Deed, our Estate Planning Attorney T.J. Pierce will discuss your goals and needs to ensure that you get the proper plan in place to protect your loved ones and distribute your assets as you see fit. Having a plan in place can greatly ease the stress and anxiety on your loved ones when your time on this Earth comes to a close.
Call T.J. at 989-317-3989 to set up an Estate Planning consult with DeCloux & Pierce Law today.