If the estate is small, should you still plan?

Well, even if you’re just leaving behind the money in your wallet, who will inherit it? Do you have a spouse? Children?  Is it theirs? Should it go to just one of them, or be split between them? Will this have to be go through Probate? If you don’t plan ahead, you could potentially be leaving behind a legacy of legal headaches for your survivors.  This, quite simply, is what estate planning is all about – deciding how what you have now (money and assets) will be distributed after your lifetime.