NoozHawk:  “Asking whether you need estate planning is a much bigger question than asking whether your estate will be taxed after you die because it’s small enough to be exempt from the estate tax law.  Although the value of your estate is one of the first questions you must answer before proceeding, it’s more important to decide who will receive the assets you have and when.  Who should be responsible for taking care of your minor children, or disabled loved ones, if you become unable to do so”You need to know who should manage those assets if you can’t, both during your lifetime and after your death.