NEW YORK, June 28, 2016 /PRNewswire-USNewswire/ -- How many Americans have a Will? By including those who had a Will that was out-of-date, previous surveys may have over-reported the number. A Google Consumer survey by USLegalWills.com found that 63% of Americans do not have a Will, showing no real change from 2014. However, a new statistic reveals that 9% of Americans have a Will that is out-of-date, meaning 72% of Americans do not have an up-to-date Last Will and Testament.
"We really wanted to explore this group after hearing from people who had a Will, but had it written before they got married or had children," explained Tim Hewson, CEO of USLegalWills.com. "In essence, although they technically had a Will, it was worthless."
Particularly concerning, the survey revealed that seniors aged 65 and older are the most likely age group to have an out-of-date Will (15%).
For adults aged 35 and older, 53.5% do not have a Will and 9.5% have a Will that is out-of-date. This leaves only 37% with a Will that reflects their current financial and personal situation.
Younger Americans are the least prepared: 82% of adults aged 18-34 do not have a Will at all, and if they do, there's a 32% chance that it's out-of-date.
By income, the respondents least likely to have an up-to-date Will were in the $100,000+ annual income range.
View the full survey results and data charts in the USLegalWills.com article.
USLegalWills.com is operated by PartingWishes Inc., an independent organization which works with lawyers in the United States to provide legal document creation services to the public. Formed in 2000, the company has since helped hundreds of thousands of people to create legal and estate planning documents in a convenient, secure, and affordable manner.
PartingWishes Inc. is also the parent company of LegalWills.ca, LegalWills.co.uk, and ExpatLegalWills.com.
The USLegalWills.com survey was conducted within the United States by Google Consumer Surveys, June 2016, among 2,012 adults aged 18 and older, and has a root square mean error of 1.4%.
Results are weighted by age, gender, and region. For full information on Google Consumer Surveys' methodology and validity, visit here.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/uslegalwills-survey-reveals-that-72-of-americans-do-not-have-an-up-to-date-will-300290732.html
SOURCE PartingWishes Inc.