If you don't have an estate plan when you pass, the courts will make one for you that may not reflect your wishes.
Smart estate planning can save you (and your family) a significant amount of money. For example, if you decide to set up a trust, your estate can completely sidestep the entire probate process, eliminate the executor’s fee for the probate of the will and all of the attorney’s fees for probate. It also affords you privacy in your estate.