Figuring out what would happen to your loved ones if something happened to you may seem stressful and time-consuming. But if you want a say in who gets what — and most importantly who cares for your kids (or your pets) — then you need an estate plan.
You may think you don’t need one because you don’t have a big enough “estate” or because you’re too young, but the fact is that most people should have an estate plan. That doesn’t mean it has to be complicated, though.
We’re here to simplify the topic and provide you with a checklist to help get this very important item crossed off of your to-do list.
What is an estate plan?
An estate plan is an umbrella term that covers many different documents, all designed to:
- Distribute your assets and property after you’re gone
- Make your wishes known
- Facilitate your care in