A: Yes! Estate planning is not only about wealth, but also about control, protection, and reducing headaches for the people you love.
You should seriously consider a plan if any of these are true:
1. You have minor children.
2. You own a home or other real estate.
3. You are in a blended family, long-term relationship, or second marriage.
4. You have a business, rental property, or significant retirement accounts.
5. You care who makes medical and financial decisions if you become incapacitated.
At a minimum, all California adults should have a will, a financial power of attorney, and an advance health care directive (medical power of attorney); however, if any of the 5 conditions above apply to you, then you likely need a revocable living trust, too!
