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In recognition of National Make-a-Will-Month in August, the SOCS Foundation would like to raise awareness with some interesting facts.
If you don’t yet have a will in place, you’re not alone. According to the American Association of Retired Persons (AARP), nationally, only 27% of 25- to 54-year-olds have a will, 45% of people over 55 have a will, and 81% of people over 72 have a will.
It is never too early to have a will written. If you already have a will and have made the generous decision to include a gift to the SOCS Foundation, please click here to let us know so we can thank you!
7 Facts about Wills:
- Wills are generally the easiest way to make your wishes known and leave your assets to family and/or organizations of your choosing.
- They are a fantastic vehicle to help you leave a legacy and continue giving to philanthropic organizations about which you are passionate.
- While we don’t endorse any one service, there are services that offer wills and templates for very low-cost if one wants to put a simple will in place.
- Wills are great ways to name guardians for children, caretakers for beloved family pets, and digital assets.
- Wills are one of the best ways to avoid probate and expensive legal processes.
- The average cost of a will nationally is $500-$1,200 depending on the amount of legal work that needs to be done by your estate attorney. Many experts recommend hiring an experienced estate attorney and most people find this saves them money.
- Learn more about the facts and myths around wills by seeking expert advice!
Whether you are just starting as a student, in your first position in dermatology, thriving in mid-career or wrapping up a long and successful run as a dermatologist, if you don’t yet have a will, we recommend meeting with an estate attorney.
Please consider a gift to the SOCS Foundation when you are drafting your will—it’s an excellent way to leave your legacy by supporting research, mentorship, education, and advocacy.
Learn more about the SOCS Foundation!
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