I don't know. Do you have a kid?
Yes? Then absolutely.
If you and your spouse get hit by a bus tomorrow, guess who decides who takes care of your little one?
Grandma? Your sister?
Nope. The State of California (or wherever you live).
There's something called the probate court. It's the court that decides what happens to your children (and stuff) if you're gone…
…unless you have an estate plan.
If you have an estate plan, then the probate court doesn't make any decisions for you. YOU decide what happens to your kids and stuff if you're gone.
So do you need an estate plan? Only if you don't want some judge making those decisions for you.
But where do you start? What decisions do you need to make? What do other people like us do?
…more on that next week.
DISCLAIMER: This publication is for educational purposes only and should not be considered financial, tax or legal advice. These statements have been simplified for illustration purposes. Consult your financial planner or tax advisor for help with your specific situation.