If you don't have a Trust, the State has one for you and YOU ARE NOT GOING TO LIKE IT.
If you die without an Estate Plan, all your assets will be Probated even if you have a Will, a Will does not avoid Probate.
WHAT'S SO BAD ABOUT PROBATE? Probate is the legal process through which the court takes control of your assets and pays all of your debt which includes legal fees, executor fees, court costs and more as determined by the court, which is very expensive and reduces what is left for your family.
PROBATE TAKES TIME. Probate takes approximately 9 months to 2 years or more, during which your assets are frozen. If your family needs money to live on during the probate process, they must petition the court (another expense) and request a living allowance, which may be denied.
SHOULD I USE AN ON-LINE PROGRAM TO DRAFT MY ESTATE PLAN. Forbes called DIY estate planning "A Uniquely Bad Idea." Even after testing three estate planning products, Consumer Reports concluded that "All Were Inadequate." Using an on-line service for Estate Planning provides the consumer with nothing but a "One Size Fits All" template, providing no legal direction or advise as to what is needed to protect your specific family dynamics. There are so many things that can go wrong in doing your own estate plan which can be catastrophic.