1. Designate who will manage your affairs if you become disabled and when you pass away.
   
   
2. Plan for Medicaid and its impact on your estate if you must go into a nursing home.
   
   
3. Avoid probate, during your lifetime and when you pass away.
   
   
4. Protect children from a prior marriage if you pass away first.
   
   
5. Protect assets inherited by your heirs from lawsuits, divorces and other claims.

To find out the rest of the 15 reasons to do estate planning, click below.