A majority of Generation X adults are approaching retirement without even basic estate planning documents in place, according to a new survey.
A recent report by Trust & Will found that 62% of Gen X respondents — those born between 1965 and 1980 — do not have any estate planning documents, including wills, trusts, or powers of attorney.
The company surveyed 5,000 adults nationwide for its 2026 Estate Planning Report. Overall, 56% of Americans said they had no estate planning documents at all.
By generation, 48% of Baby Boomers reported having no estate plans, compared with 58% of Millennials and 54% of Gen Z adults. Gen X showed the lowest level of preparedness among all groups surveyed.
The report also found that only 26% of Gen X respondents had a will, while just 14% had established a trust. Wills are used to determine how assets are distributed after death, while trusts can help manage assets during a person’s lifetime and simplify the inheritance process.
Experts say many Americans delay estate planning because of emotional discomfort surrounding death, complicated legal procedures, and concerns about cost. A shortage of estate planning attorneys has also contributed to delays in preparation, according to industry professionals.
Experts warn that without a will, decisions involving asset distribution and guardianship of children may ultimately be left to the courts. They recommend that adults at minimum prepare a basic will to avoid legal complications later.
