Estate Planning & Living Trusts
4. Who needs estate planning?
Certainly, the older you get, the more you start thinking about how to transfer your assets to your grown children or other loved ones.
But families with young children need to do estate planning. So do people who have children from previous marriages.
Single adults -- young or old -- need to plan as well.
Estate planning is not just for "wealthy" people -- whatever that word means. Good estate planning is important for everyone.
Let's look at a couple of examples of people you might recognize and see how they planned their estates.