Some people think that they do not have an “estate,” that estate planning is only for the wealthy or that it is too expensive. The fact is you don’t have to have millions, or even hundreds of thousands, of dollars to benefit from estate planning. Almost everyone has personal property and a bank account. Many are fortunate to have a home, a retirement plan, a car or maybe own some stock. All of this is part of your “estate.” “Estate planning” includes nominating a guardian for children should both parents die before the children reach adulthood or designating someone who will make financial or health care decisions for you when you are not able to do so. The laws are complex and it takes training and experience to know how to guide individuals and families through the estate planning process. This training is ongoing in order to stay up to date on changes in the laws and it costs money. So naturally it can seem expensive to have a proper estate plan drawn up for you by a qualified estate planner. However, more often than not, it is far more expensive not to have an estate plan drawn up for you by a qualified estate planner.