Avoid a Mess! 
Make an Estate Plan for Medical Emergencies

No one expects to slip into a coma and then have family members fight for years in court over the medical care to be given – or not.  Planning for medical emergencies is a must for everyone and should include the signing of two important legal documents called a Durable Power of Attorney for Health Care and an Advance Medical Directive.

Make an Estate Plan for Financial Emergencies

 If you're out of the country on business and your spouse is at home trying to sell the house, or if you're in an accident and expected to fully recover but will be in the hospital for a while, then you'll need a Durable Power of Attorney to allow your spouse or other person of your choice to manage your finances and sign legal documents on your behalf.

Make an Estate Plan for an Untimely Death

Planning for an untimely death is important, particularly if you're in a committed relationship and/or have young children. If you don't make an estate plan, then the state where you live at the time of your death will make a plan for you, and in most situations the plan won't be what you would have wanted had you taken the time to make your own plan.

Make an Estate Plan for Your Minor Children

Even if you don't think that you have enough assets to need an estate plan, you'll need to make a plan if you have minor children. If you don't, then control of the minor's inheritance will be taken over by a court-supervised guardian or conservator. Then, depending on the laws of the state where the minor lives, when the minor reaches the age of 18 or 21 all of the remaining guardianship funds will be turned over to the young adult, free and clear of any guidance or strings attached. Aside from this, if you and the other parent of your children both die while the children are still minors, then the children will become wards of the court until a judge can decide who the children should live with until they become adults.

Buy Term Life Insurance

When you're young, term life insurance is really cheap and can offer your family financial security if you were to die prematurely. The insurance proceeds can be used for things such as paying off your outstanding medical and credit card bills; paying off your mortgage; replacing your lost income; paying for your children's care and education; and/or paying for a live in nanny, day care or after school care. Term life insurance is also easy to buy these days with services available in the web. Or, if you're offered term life insurance at work, buy it.  The price will often be cheaper than if you had purchased insurance directly.

If you can afford whole life or universal life insurance, consider buying it instead.  Your insurance agent can explain all the various types and the pros and cons of each.

Everyone Needs an Estate Plan
Estate planning isn't just for the older and wealthy. Younger people, especially those with minor children, need to have a will and estate plan in place in order to give instructions to their loved ones to follow in the event of a debilitating accident or untimely death. Celebrities like Heath Ledger, Anna Nicole Smith, Princess Diana, John F. Kennedy, Jr., and Michael Jackson all died unexpectedly, and yet each and every one of them had a will and estate plan. It's just common sense.