Why do I need an estate plan?

Why do I need an estate plan?

A person needs an estate plan only under circumstances where the estate plan will make a difference. If a person is single and has nothing except perhaps a lot of debts, an estate plan is probably not a worthwhile investment. Yet, we all grow older, we all begin to aquire property and we often marry and have children. I would say that which typically brings a client first to the office is the birth of a child, because the married couple will be concerned about what would happen if they both died, so they want to be able to name guardians. I might also add, that this issue often holds estate planning up because the couple are unable to agree upon which family, or which members of which family, are going to serve in that capacity.