Estate planning is a term that has changed dramatically over the years. At one time, it meant having a will that would go through probate and, if a person was married, titling property jointly with a spouse. It conjured up visions of death and of wealthy families gathered in attorneys’ wood-paneled offices listening to wills being read.

 

Changes in the laws and changing views of finance, lifestyle, privacy, nontraditional families, and longevity of life have made estate planning far more compelling for a larger group of people than ever before.  Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided for in their absence. It’s important to have a basic estate plan in place regardless of your net worth.