Without a will or living trust, your property will be distributed according to the laws of your state. Save on taxes and probate costs.
Estate planning can make more money available to loved ones.
Protect your loved ones by designating who will care for your minor children. Without such designation, a court will do so. If you're single, you may wish to leave property to people who have rewarded you with friendship. Contribute to charities and other institutions. A college or university may have had a significant impact on your life.