Failing to have a will is one of the worst financial mistakes you can make

In our Eye on Money series this week, we focus on the costly mistakes people make with their finances. Failing to have a will is one of the biggest errors you can make when it comes to personal finances, according to CBS News business analyst Jill Schlesinger. It's one of the topics she discusses in her new book, “The Dumb Things Smart People Do With Their Money.” According to a 2017 survey by Caring.com, 58 percent of American adults have not prepared estate-planning documents. One Massachusetts woman told CBS News about how she could lose the home she has lived in for most of her life because her stepfather did not leave a will. Watch CBS News anytime, anywhere with the our 24/7 digital news network. Read more here >>>

thumbnail courtesy of cbsnews.com

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