By Becky Raspe, Cleveland Jewish News
For the wealthy 1%, estate plans are an integral part of financial planning. But for the other 99%, many don’t see a reason to plan for their estate, especially if they feel they don’t have enough assets.
According to LegalZoom.com, about 55% of Americans don’t have a will or plan and don’t see the need for one. This figure has stayed steady over the years, even as accounts the average American has increases.
But in the face of those numbers, Erika Apelis, partner at Kohrman, Jackson & Krantz in Cleveland, and Marla K. Petti, director of financial planning at HW Financial Advisors in Beachwood, said average people should still create estate plans.
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