Everybody has an estate plan. If you don’t create
one, on purpose, through carefully drafted wills,
trusts, and other documents, then your state laws
will step in with a plan of its own. These laws, also
called intestacy, dictate who will get your assets,
how they will get them, and ensures that your estate
will pay the highest possible estate taxes in the
process. If you’re happy with your state legislature
deciding who will receive your assets after you’re
gone, and especially if you want to pay the federal
government the maximum estate taxes, then no
additional work on your part is required. But if
you’re not, then you have to develop an estate plan
of your own. Now. Today. As soon as possible.