Fatal Auto Accidents and Estate Planning

Unfortunately, we all will pass away at some point. It may be due to a disease, old age, heart attack or an auto accident. In the United States, people die every day from auto accidents. In fact, there were 34,247 fatal motor vehicle crashes in the United States in 2017 in which 37,133 deaths occurred.

Franklin TN estate planning attorney Music City Estate Law reminds us that the reality is that accidents can happen to anyone at any time, and often when we least expect it.

A recent study showed that over half of Americans die without having a will in place. An often-overlooked element of estate planning is updating beneficiaries on financial assets such as retirement accounts and life insurance policies.

If you’re single, married, have kids, don’t have kids, it is still critical to hire an estate planning attorney in advance.