Scott Taylor Smith, author of the book "When Someone Dies," recently wrote an article suggesting several important steps folks can take to make things easier on their loved ones when they die. Many, if not most, of these suggestions are routinely handled in the estate planning process. Some of them, however, may not be, so we'll take a look at what he says.
Estate planning is for everybody, not just the wealthy or those with extraordinary situations. The biggest reason for this is that, without a plan of your own, your state will provide you with a "one-size-fits-all" plan through its intestacy statute. Because each person has unique needs and goals, it is not a good option to fall back on these statutes.