1. Compile a list of assets and liabilities.
The value of what you own will likely play a large role in your overall estate plan. How your assets are owned (jointly or individually) is also important. This may seem like a daunting task, but unless you are as wealthy as Mark Cuban, it is not as difficult as it would seem. While you are creating your list, it is a great time to compile supporting account statements, deeds, vehicle titles, etc. If you have all of these documents in a centralized location, you will make someone's life much easier down the road.
2. Think about who you want to wind up your affairs
after you are gone.
Remember that person I mentioned in No. 1 whose life is going to be made easier? They thank you in advance for taking No. 1 to heart.
3. Think about who you want to take care of your minor children.
If you do not have minor children, feel free to continue enjoying your peace and quiet while you skip to No. 4. If you do have minor children, you may come to find that you and your spouse or significant other may not immediately agree on this topic. I assure you, this is a conversation you would rather have in the comfort of your own home.