Only 1 in 4 Americans has a will — experts urge families to plan ahead
A new survey shows only 24% of Americans have a will, with the "sandwich generation" — those caring for both children and aging parents—being the least prepared. Experts stress the importance of having three key documents: a will, a durable power of attorney, and a healthcare proxy. Without them, state laws decide how your assets are divided, which may not reflect your wishes.