Even if the value of your estate isn't near the state and/or federal estate tax limits, you'll still need to look at other financial reasons why you may need an estate plan. If you own one or more businesses, have significant retirement assets, or will be expecting a large inheritance, then you'll need an estate plan to insure that your property goes where you want it to go without any interference from a judge:
And, regardless of your net worth, you'll still need to assess your overall need for an estate plan by looking at your current family situation. If you have minor children or a blended family, or if you're single, or if you own property in more than one state, then you'll still need an estate plan to insure that your assets go where you want them to go and without any interference from a judge:
Once you determine your overall need for an estate plan, be it for financial or family reasons, or both, the next step is to find and hire a qualified estate planning attorney
to help you create your estate plan.