Have you thought about the legacy you will leave your children, grandchildren, or community? What values and beliefs have you developed during your life that you’d like your family to embrace when you’re gone?
Creating a solid personal financial plan involves more than just budgeting and saving money. It should also include some estate planning—starting with drawing up a will and going from there.
Without a will, you will die intestate, which means that the government will distribute your assets according to your state's law—and things may not end up where you would have liked.
The bottom line: your financial plan should include more than just provisions for budgets, savings, and retirement; it should also address estate planning concerns.