Why Every Adult Needs an Estate Plan — Even If You're Not "Rich"
By RG Law Firm
Published on May 14, 2025
When people hear "estate planning," they often think of billionaires and beachfront mansions. The truth? If you have a bank account, a car, or a child — you have an estate. And without a plan, state laws will decide what happens to it.
Here’s why you should start your estate plan today, no matter your age or income.
📝 What Is Estate Planning?
Estate planning is the process of legally documenting:
- Who should manage your finances and healthcare if you're incapacitated
- Who inherits your property and how it’s distributed
- Who will care for your children if something happens to you
It’s not just about “stuff” — it’s about protecting your wishes, your family, and your future.
🔑 Key Documents in an Estate Plan
Last Will and Testament
States who inherits your assets and who should care for minor children.Durable Power of Attorney
Appoints someone to manage your finances if you’re unable.Healthcare Directive / Living Will
Outlines your medical treatment preferences and designates a decision-maker.Revocable Living Trust (Optional)
Helps avoid probate and gives you more control over how and when assets are distributed.
🚨 What Happens If You Don’t Have One?
- The court will appoint someone to manage your estate — possibly someone you wouldn’t have chosen.
- Your assets may go through probate, a slow and public legal process.
- If you have children, a judge — not you — will decide who raises them.
- Your loved ones may face stress, conflict, or legal costs during an already difficult time.
✅ When Should You Create or Update Your Plan?
Life changes — your estate plan should too. Review or create your plan when you:
- Get married or divorced
- Have a child
- Buy property
- Start a business
- Receive an inheritance
- Reach a milestone birthday (30, 40, 50…)
👩⚖️ We Can Help You Create a Personalized Plan
At RG Law Firm, we specialize in clear, compassionate estate planning that puts you in control. Whether you’re just starting out or updating an existing plan, we’ll make the process simple and stress-free.
Secure peace of mind today — for yourself and
