lori ann douglas specializes in estate planning.nks for being here. >> thank you for having me. >> i was shocked when i learned aretha franklin doesn't have a will she has a lot of money she built up over time how common is this >> actually it's pretty common the general population, only 50% of people have wills when they die. with people with a lot of wealth it happens often also because for most people estate planning is not about the money, it's about the emotional. >> it's about the b dying >> it's a difficult decision for someone like aretha franklin, she had a great dooelt deal of wealth, she had several children i believe she also had a bad medical diagnosis for many years. it's very difficult for people to do their estate planning once they already have a bad medical diagnosis. >> what's the situation where people really need a will? is it if you have a lot of money, is it if you have children is this something everybody should consider. >> everybody should have a will, once you start working, once you have children, once yo