Do You Really Need an Estate Plan?

Financial Decoder

Discussing what will happen to your children and your assets after you die might not sound like the most pleasant task. Is that why so many people don’t have wills or estate plans? Mark talks with Colleen O’Brien about what’s actually in an estate plan and how you can get started creating one.

• You can read more about the number of people without wills in this NBER working paper.
• The concept of “choice bracketing” is explored in this article from the Journal of Risk and Uncertainty.

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