If you own anything or have any money, believe it or not, you have an estate. And without a plan for when you die, your family could lose all of it.
Alexis Martin Neely, legal expert and author of Wear Clean Underwear, stressed the importance of preparing your living will, whether you have $5 in the bank or $5 million. Everyone should also prepare a healthcare directive and durable power of attorney, she said.
“If you love the people in your life, you’ve got to plan,” Martin Neely said.