Planning for your future means that you are planning for the future of your children and loved ones. Creating your estate plan ensures that your desires are well-known, as well as helping your heirs and others to avoid lawsuits or other issues that may arise from failure to plan. It is important for you to designate who will act on your behalf in the event that you cannot. It is vital for you to decide who will inherit your assets and when they will inherit; otherwise, the government will make the determine who will inherit your estate and who will raise your minor children.