Most people think because they are not rich they do not need a will. A will is one of the most important things that you can do for a family. It allows you to make decisions about who receives your assets. Other reasons to create a will include: speeding up the probate process and minimizing estate taxes.
Other parts of your estate plan should include a power of attorney and healthcare power of attorney. The power of attorney appoints a person to take care of financial and business affairs. A healthcare power of attorney allows you to appoint a trusted person to make healthcare decisions on your behalf if you are not able to make those decisions.