Many people believe that estate planning is only for the extremely wealthy.
However, such thinking often times is a mistake that can cost a decdent's beneficiaries hundreds of thousands of dollars. Moreover, people with a very modest estate can benefit greatly by putting their estate planning affairs in order. This could mean that a substantial part of your estate, or even all of it, will go to distant relatives or even to the State in which you live. Each state has laws designed to distribute your assets without a will. Therefore, the state will decided who is to manage your estate, based on its laws.