Everyone needs a will, but less than half of American adults have one. The young think they’ll live forever. Or they don’t have any wealth to worry about. But if you have a child or own a home, you need a will.
A May 18, 2016 Gallup poll found 44% of all adults had wills. But likelihood depended on age, education, and economic status. The percentage rose to 75% of upper-income (above $75,000 per year) college educated Americans 55 and older. That’s good news.
In Part I we named two reasons older adults might not have a will: (a) we can’t bear to contemplate our own death; and (b) we can’t decide how to distribute our wealth. Here are other reasons:
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A man I’ll call George hired my friend, a social worker, to visit his “Uncle Milt.” George hoped my friend would persuade Milt, 96, to move from the home he loved on the East Coast to a nursing home in Nebraska near George. Uncle Milt, however, was firmly planted and said so loud and clear.
Changing roles is an inescapable byproduct of time. From your baby’s first step, to his first day at school — from the day she gets her driver’s license until her college dorm is in your rear view mirror — your role is changing. And your relationship evolves from all-knowing protector and teacher to “out to lunch” parent of a teen, to bankroller with a good idea once in a while, surprising your nearly grown college freshman.
When my father was 93, riddled with cancer, chronically nauseated, and living on opioids he suffered a major heart attack. In the hospital, doctors determined his death was imminent but didn’t tell him. Dad denied his condition was serious. He was furious to be given a room on the heart ward instead of the ICU.
, 2017 ”a sign of hope.”