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Only 38% of 50 Plus Have a Will and Power of Attorney

Wed, 06/28/2000 - 12:00am — Karen Stevenson
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A recent survey by the AARP found that only 38% of people age 50 and over have established both a will and a power of attorney, two vitally important documents. Another 20% have a will, but no power of attorney, and 5% have only a power of attorney. The majority of those with a power of attorney were age 70 or older. Only 44% of people age 50-54 had a will, but the occurrence rose with age, to a total of 85% of those age 80 or older. The survey also measured the number of people who had living trusts.

A recent survey by the AARP found that only 38% of people age 50 and over have established both a will and a power of attorney, two vitally important documents. Another 20% have a will, but no power of attorney, and 5% have only a power of attorney. The majority of those with a power of attorney were age 70 or older. Only 44% of people age 50-54 had a will, but the occurrence rose with age, to a total of 85% of those age 80 or older. The survey also measured the number of people who had living trusts.