Wealthy Americans not protecting assets.
| Position | Breaking news |
America's wealthiest people are leaving their assets unprotected, according to a study by PNC Advisors, the wealth management unit of PNC Financial Services Group.
Almost 800 affluent individuals who have more than $1 million in investable assets participated in the study. Most hadn't taken basic steps in estate planning.
The survey found that 37 percent of people with $10 million or more don't have a will or health care proxy; they don't have a trust; and they haven't named a trustee or administrator for their estate.
Fifty-six percent of all respondents without wills cited procrastination as their...
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