8 tips for estate planning
Make a will
Writing a will is the only way you can ensure that your assets are distributed according to your wishes to family members or other beneficiaries. With no will in place, state law determines what happens to your property. A will also lets you place certain conditions on your assets, such as holding assets in trust for your children until they reach a certain age.
A will also allows parents to name a guardian who will care for their minor children should something happen to both parents. In the absence of this provision in a will, the court will appoint a guardian for the children.