EZLaw Survey Finds Most Americans Recognize the

Importance of a Will or Estate Planning, Yet Few Have

Necessary Documents in Place
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to implement your basic needs. We do this utilizing the most up to date tools so that we can prepare
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NEW YORK--(BUSINESS WIRE)--A new national survey commissioned on behalf of EZLawTM, an

online legal document creation service from LexisNexis,
finds the majority of Americans (60 percent) believe that all adults
should have a will or estate planning documents in place, yet only 44
percent report that they currently https://nnepa.com/ have any such documents. In stark
contrast, more than one third (36 percent) of Americans with minor
children do not believe that wills or estate plans are among the most
important documents to have on hand. Rather, adults with minors in the
household rank birth certificates (76 percent) and titles/deeds for
property and vehicles (70 percent) as the most important. In addition,
although the majority of parents with minors in the household (75
percent) understand that a court will decide who the children's legal
guardian becomes if there is no will at the time of both parents' death,
only 39 percent have any estate planning documents in place.
"The 2011 https://www.youtube.com/playlist?list=PLEdpUJdRZPykvEU8xkJ1ZEOuTd8Eng_yv EZLaw
Wills Estate Planning survey shows parents may not be

taking the necessary steps to ensure their wishes for the care of their
children and estate are followed in the event that both parents were to
pass, for example due to an accident," said David Palmieri, vice
president and managing director of Marketing and Consumer Solutions at
LexisNexis. "Additional research conducted by EZLaw earlier this year
indicates that many parents consider wills to be more appropriate for
those with significant wealth and as a result, they risk leaving the
fate of their children in the hands of the courts instead of being
directed by an enforceable legal document."
Reasons given for not making a will or estate planning a priority vary
widely. According to the survey, 37 percent of Americans cite a current
focus on "essentials," such as paying bills and buying groceries, as the
top reason they don't have any estate planning documents. Other reasons
cited by survey respondents include:
Not necessary (18 percent)
Too complicated to deal with right now (16 percent)
Too expensive (14 percent)
Belief that their spouse and/or children will automatically receive
any assets that they have (13 percent)
Too time consuming (6 percent)
Other findings indicate that age and gender play a role in whether a
person has a will or estate planning documents. For example, the
majority of Americans report that they are most concerned about
preserving their health (70 percent) and having enough money to retire
(50 percent) as opposed to protecting their financial assets (43
percent), while women are more likely to be concerned about maintaining

their weight (47 percent) than protecting their financial assets (44
percent).
Additionally, Americans 18-34 years old are more likely to report that
they are most concerned about preserving their health (64 percent),
having enough money to retire (52 percent) and maintaining their weight
(51 percent) rather than protecting their financial assets (44 percent).
Interestingly, one in five Americans 18-34 years old (22 percent)
believe it is becoming less important to have wills because people are
living longer, healthier lives.
"One finding from the EZLaw survey indicates that three-quarters of
consumers would be more likely to create or update their will if there
was an easy, valid way to do so online," continued Palmieri. "EZLaw.com
can deliver that solution."
Developed by LexisNexis, the EZLaw online service enables users to
create a living will, last will and testament, and/or power of attorney
and have those documents reviewed by a qualified lawyer for a fixed cost
per document. EZLaw is the first online legal document creation service
of its kind that pairs people with a qualified attorney who will review
their documents and consult with them by phone to finalize them.
Currently available to Pennsylvania residents, EZLaw will be introduced
in more states soon.
Complete findings from the 2011 EZLaw Wills Estate Planning survey are
available at EZLaw.com.
About the Survey

The 2011 EZLawTM Wills Estate Planning survey was conducted

online by TNS on May 19-22 among 1,000 U.S. adults ages 18 and older.
The margin of error for the total sample is 3.1 percent at the 95
percent confidence level. This means that if we were to replicate the
study, we would expect to get the same results (within 3.1 percentage
points) 95 times out of 100.
About LexisNexis
LexisNexis (www.lexisnexis.com)
is a leading global provider of content-enabled workflow solutions
designed specifically for professionals in the legal, risk management,
corporate, government, law enforcement, accounting, and academic
markets. LexisNexis originally pioneered online information with its Lexis
and Nexis services. A member of Reed Elsevier [NYSE:
ENL; NYSE: RUK] (www.reedelsevier.com),
LexisNexis serves customers in more than 100 countries with 15,000
employees worldwide.
http://www.businesswire.com/news/home/20110719006249/en/EZLaw-Survey-Finds-Americans-Reco
gnize-Importance-Estate
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