No one likes to think of the day that they'll no longer be among the living. An even worse thought, though, is leaving this Earth and not providing for your family and loved ones after you're gone. The purpose of an estate plan is to make sure that the big items all the way down to the minor details are laid out for your loved ones, so that lessens the financial burden and strain of your absence. Here is a simple checklist to get you started on a basic estate plan.
Get a Will
One of the first things that you should do is to create a will. This is a legal document that describes how you want your assets distributed, who will take care of minor children, and how you wish your final arrangements to be carried out. Contrary to popular belief, wills don't need to be long, complicated, or expensive to create.