Many people who are not wealthy do not create an estate plan, because they feel their families will just work it out themselves. However, families cannot just legally divide everything. Creating an estate plan does not have to be difficult, according to TCPalm in "Everyday estate planning needs certain documents."
If you do not anticipate having a large estate when you pass away, estate planning can be simpler than you think. There are a few essential documents.
You need a last will and testament to direct how any property, not disposed of in some other way, should be distributed. In some states, it is best to avoid the probate process as much as possible. Therefore, you may want to create a revocable living trust. With a trust, your family can skip costly and time-consuming probate courts. However, in some states, probate is not as big of concern.
Finally, you really need some end-of-life care documents, to include a power of attorney and a living will. Consequently, if you cannot make decisions for yourself due to incapacitation, someone you trust can do so for you.
An estate planning attorney can advise you on creating an estate plan that fits your unique circumstances.
For more information visit my Wichita KS Estate Planning Attorney website
Reference: TCPalm (April 11, 2018) "Everyday estate planning needs certain documents."