It's the ultimate gift to your loved ones. An airtight estate plan not only takes the guesswork out of who gets what when you pass away, sparing your family costly court battles and potential infighting, but also delineates your wishes for end-of-life medical decisions.
"Estate-planning documents allow you to rule from the grave," said Austin Frye, an estate-planning attorney, certified financial planner and president and founder of Frye Financial Center. "You want to be sure that the assets you've worked so hard for end up in the right place and as efficiently as possible. But it's also about protecting yourself and your heirs."