You only need an estate plan if you wish to:
Protect yourself and your family while you are able;
Decide who makes decisions for you when you can’t;
Give what you have to whom you want when you want; and
Minimize taxes and professional fees.
If you have not created an estate plan yourself, your “plan” is made up of several statutes, rules and contract provisions that you may not know or understand. Even if you did create the plan yourself, it may not accomplish your goals.
Many of our clients have never considered the possibility that their lives may not go as expected. Your estate plan should reflect your tolerance for risk rather than your failure to understand the risks you face.