Rich or poor an estate plan is an essential, so that your family can mourn your passing in peace. Dying intestate will leave your family sorting through your mess in a time of heightened emotional grief. And it will be up to a probate judge to divide your assets according to the law, which leaves you no control. You can potentially disinherit you wife or children. Additionally, if you do not create a will, the probate process can be very expensive and burdensome.
See Kansas & Missouri Estate Planning Blog, If My Client Isn’t Leaving Millions, Does He Really Need an Estate Plan?, Wealth Management, July 8, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
