Who Needs a Family Wealth Planning Session?

You need a Family Wealth Planning Session if you own any assets, including real estate, bank accounts, brokerage accounts, retirement accounts or life insurance that would need to be distributed after your death.

You don't need a Family Wealth Planning Session if all you own is a car, some furniture and clothing.  In that case, you can take care of your planning by setting up a Living Will (aka Advance Health Care Directive) and a Durable Power of Attorney, two documents that all adults needs regardless of the size of their assets.

If you also have minor children who depend on you for their care, you will also need a Kids Protection Plan to provide for their care if you can't care for them.  You can create free legal documents for your kids' care at http://www.KidsProtectionPlan.com.