Estate planning is important primarily to avoid dying "intestate" which means dying without having created either a will or a trust. These documents provide instructions for passing your estate on to your heirs. Danger lurks by not considering how probate, creditors, con-artists, lawsuits, judgments, lawyers, and estate taxes can damage the value of your estate. Plus, your property may transfer to unintended heirs in unintended ways.
Minimally you should have:
1. Powers of Attorney
2. Advanced Medical Directives
3. Last Will and Testament
Upon your death, a trust may help avoid probate, estate taxes, and allow you to "manage your assets from the grave".
MFI works as a team with estate planning attorneys to ensure that your estate is being properly managed.