You are a small business owner. You have 4 employees and yourself working at the company. You are the sole owner of the company. Also, you have a family including a spouse and 2 children. You also have two siblings living in the area.

In addition to your business interests, you own a home with your spouse, a small condo at Snoqualmie Summit, and 3 cars. You have some savings and two life insurance policies that total $500k in coverage.

What arguments can you make for estate planning? What considerations should you be taking into account? Would it be simpler and less expensive to just not make plans, avoid estate planning and instead let the laws of intestacy control the distribution of your estate? Do you have to care or need to care to protect yourself, your business, and your family?

I need help with this discussion question