Estate planning is for everyone, not just for the rich and famous. Most people can benefit from some form of estate planning to protect assets, avoid the probate process, provide for the care of your children and distribution of your assets upon your death and minimize estate taxes. Various estate planning tools include wills, trusts, power of attorney, beneficiary deeds and other transfer or pay on death documents. A little planning now can save significant time and expense in the future.
In connection with estate planning, consideration should also be given to directions regarding your health care by virtue of a Durable Power of Attorney for Health Care and Health Care Directive.