Don't be fooled, you may not have documents in place, but you have an estate plan. The only difference is that the plan wasn't prudent, part was created by accident & part was created by the government. Sound like a smart idea?
The Sturgis Journal has posted an article, by John P. Napolitano, on the need for people to remember their estate planning documents. The article notes how famous people receive attention when their lousy estate plans blow up in their faces. However, their estate planning needs are not much different than yours. They have the same desires, problems and concerns. They just have more money and more fame.
Marginalization is the problem. People think that estate plans are only for the rich and famous. They have marginalized the need to plan and thereby marginalized their and their family's needs.
Estate administration tragedies happen each day. However you won't hear about it because TMZ, Fox & CNN aren't interested in covering it.
Link
http://www.sturgisjournal.com/news/business/x643482854/Making-Cents-Dont-forget-about-estate-planning