Some 80% of those surveyed by Spectrem Group say they have a will, making it the most common means of wealth transfer much more common than a revocable living trust (33%), irrevocable living trust (17%), children’s trust (16%), family limited partnership (8%), limited liability company (7%) or charitable remainder trust (5%).

Not surprisingly, interest in all of those options increases with wealth, with millionaires considerably more likely than the less affluent to use either a will (91% vs. 80%) or a revocable living trust

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