Prepared. Aware. Ready.
Technically, you don’t “need” an estate plan. Every state has laws in place to handle situations when an individual dies, or becomes incapacitated and has no estate documents.
For example, in South Carolina, if you become incompetent or disabled, and have no Financial or Healthcare Power of Attorneys, your parents, spouse, friend, partner, etc. can go to the Probate Court and petition the Court to be appointed as your Conservator (Finances) and/or your Guardian (healthcare/everything else). Similarly, if you die with no will or trust in place, South Carolina’s intestacy laws will control and dictate how your estate is distributed.
If you, like so many out there, find that leaving decisions up to the discretion of the State to be less than satisfactory, then you should speak with an estate planning attorney to get your affairs in order.
Here’s a breakdown of estate planning for certain age groups: