To some degree, the answer to this question is yes. Having a will tends to be increasingly common the more money one has, but it’s not the end-all-be-all of the issue. Take a look at some of the data from a Gallup poll showing the likelihood of having a will by income:
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As you can see, it’s more common for those with a higher income to have a will. However, it’s important for every senior to have a will and other estate documents so that their wishes are clearly communicated to their family. Otherwise, the estate could get tied up in probate court. An estate planning lawyer in Philadelphia can help.