Writing your will is a key component of financial planning [Video]

Contemplating your death may not warrant a spot at the top of your priority list — but writing your will should.

About one-third, or 34%, of people recently surveyed have a will, according to the results of a study from the Center for Retirement Research at Boston College.

Of those who don’t have a will, 44% of respondents said the main reason involves procrastination, according to the results of the survey, which polled 3,047 people aged 25 and up in April 2023.

While setting up your will can be a cumbersome task, it’s important because “it’s not just a question about finances,” said Gal Wettstein, a senior research economist at the Center for Retirement Research.

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A will can streamline the inheritance process by making sure your wishes are conveyedand your …