The Latin phrase ‘tempus fugit’ is translated into English as ‘time flies.’ This phrase is particularly fitting when we postpone tasks that will only be an issue when called on, and then it is often too late.

One such task is drawing up a will, living trust, or an estate plan. A recent survey by Caring.com revealed 76 percent of U.S. adult respondents said that having a will is important, yet only 40 percent actually have one.

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