According to a recent survey by financial services firm Edward Jones, 77% of Americans believe that estate and legacy strategies are important for everyone, not just wealthy individuals, yet only 24% of Americans are taking the most basic step of designating beneficiaries for all of their accounts.

According to Laura Guerrero a financial planner with Edward Jones, “designating beneficiaries on each of your appropriate accounts is the simplest and quickest way to get started with legacy planning.”

You want to make sure that loved ones are taken care of so it’s crucial to review and update estate plans regularly.