Free Money Finance

Just Get a Will!

Here's my annual public service reminder that we all need a will!

If you don't have one and pass away, here's what happens. Summary: it's not good.

For reference, here are some past posts on the subject:

• You Need a Will 
• Four Documents You'll Need as Part of Your Estate Plan 
• Proof that You Need a Will (And What to Do About It) 

Average Debt by Age

Here's a list of average debt by age in the U.S.:

Under 35: $67,400
35–44: $133,100
45–54: $134,600
55–64: $108,300
65–74: $66,000
75 and up: $34,500

It includes mortgages, student loans, etc.

I'm thinking it's a lot better than I would have guessed. Maybe the average is lowered by a bunch of people on the low-end with zero debt?

What do you think?