Have you planned for your death?

What will happen to my money when I die?

If I'm involved in a serious accident, what will happen to me?
Will my family be burdened with paying my funeral costs?

What will my legacy be?

Have you planned for your death?

I have, and here's what I did:

"It's not about me. It's not about you. It's not even about us.

It's about legacy. It's about what we choose to leave behind for future generations."

https://bplusmovieblog.files.wordpress.com/2015/02/iron-man-2-87.png?w=590

Well-said, Mr. Stark!

I may not be doing anything as awesome as building a flying metal suit of armor powered by an exotic self-sustaining power source, but I can still establish a legacy. I can still plan to leave something behind for future generations.

To leave the decisions to some random judge or lawyer would be to put my legacy in jeopardy. That's why, despite being in my upper-20s and in perfect health, I've created a will.

In fact, I've created 3:

How Rich are Americans, by Age Group?

How Rich are Americans, by Age Group?

In September 2017, the U.S. Federal Reserve issued a report based on the Survey of Consumer Finances. This survey was based on 6254 families, and the Federal Reserve report broke down the data by age group.

Note that this survey includes a house as part of a household's assets; page 14 of the report specifies "Declines in house prices in particular had a disproportionate effect on families in the middle of the net worth distribution, whose wealth portfolio is dominated by housing."

I've created a graph to illustrate this information, using LibreOffice Calc, a free and open alternative to Microsoft Excel. Here's the graph:

Here's a link to the Federal Reserve report