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Show Your Kids Your Will if You Want Them to Inherit Your Wealth

NEW YORK ( The Street ) — Some 56% of American parents have a will or living trust document , according to a new Caring.com survey, but 52% of adult children don’t know where their parents store their estate planning documents. That can jeopardize the appropriate allocation of assets to heirs. “Being uninformed about documents or worse, not having them at all, can wreak havoc on a family’s emotional and financial well-being,” said Andy Cohen, CEO of Caring.com. That’s because incapacitation can happen over night or gradually overtime due to Alzheimer’s , dementia or sudden disability . “Accidents happen and […]