5 Reasons to Make an Estate Plan
Passing away without an estate plan is a huge mistake that can tie up your estate for years in probate. Yet, many people fail to create a will, living trust and other key financial instructions.
"If you don't have an estate plan, instead of people knowing what you want, you force people to guess," says Chas Rampenthal, general counsel at LegalZoom, an online company that helps customers create legal documents. "That guessing can be the cause of a lot of pain, a lot of strife. (The estate plan) is one of the single biggest acts of love you can do."