Here's why you shouldn't wait to set up your will or life insurance. - TODAYshow
"Whether you are 18, 88 or 188, it doesn't really matter. You should be able to tell people what your wishes are in the case you can't tell people yourself."
? A living will and a life insurance policy is something every adult should have in place in preparation for the worst-case scenario., a site with information about caring for seniors, only 32% of adults say they have a will — a 25% decrease from the number of people in 2017. To help with your estate planning during this pandemic, TODAY spoke to experts to better understand the ins and outs of wills and the different types of life insurance.When it comes to estate planning, there are two key terms to define: a will and life insurance.
For the will to become a legal document, it must be signed in front of and initialed by two disinterested witnesses — people who will not benefit from the contents of the will. A notary is not required for a will to be valid, but many include a self-proving affidavit in their wills that proves the witnesses signed the will in the presence of a notary. This is not required for a will but prevents witnesses from testifying in court if there is a question of the validity of the will.
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