Estate Planning for Moms: Why a Will Isn’t Just for the Rich (And Why a Trust Might Be Next)

Estate Planning Isn’t Just for the Wealthy—It’s for Moms Who Care

Let’s be honest—most of us hear the word “estate” and picture a mansion on a hill.
But here’s the truth: If you’re a mom with kids, a bank account, or a heartbeat—you have an estate.

Estate planning isn’t just for the ultra-wealthy.
It’s for anyone who loves their people enough to protect them.

So What Is Estate Planning, Really?

In my recent conversation with physician-turned-estate-planning-advocate Dr. Kelly Jackson King, she said something that struck me:

“Estate planning is simply creating a plan for your people and your things—so if you're not able to care for them, your wishes still get carried out.”

That’s it. Not fancy. Not overwhelming. Not reserved for people with trust funds and yachts.
Just you, taking care of the ones you love.

Start Simple: What Every Mom Should Have in Place

If you’re just getting started, Dr. Kelly recommends focusing on four essential documents:

1. Last Will and Testament – designates who receives your assets and who would care for your kids
   
2. Healthcare Power of Attorney – assigns someone to make medical decisions if you can’t
   
3. Financial Power of Attorney – allows a trusted person to manage your finances if needed
   
4. Living Will – outlines your wishes for life support and end-of-life care
   
   

This is your starter set—the non-negotiables that every parent needs in place, regardless of income, age, or stage of life.

But What About a Trust? Do I Need One?

Great question—and one we covered in the episode.

👉 A will is the foundation.
It helps assign guardianship, outline who gets what, and make your intentions clear.

👉 A trust, however, adds an extra layer of protection.
It allows your family to avoid probate (a time-consuming, often expensive court process) and can help distribute your assets more privately and efficiently.

If you’re just starting and feel overwhelmed, start with a will.
But don’t lose sight of a trust as a next step—especially if:

• You own a home or investment property
  
• You have children with special needs
  
• You want more control over how and when your assets are distributed
• You want to keep your estate details private and out of court
  
  

Estate planning isn’t all-or-nothing. It’s a journey. Start where you are—and keep building from there.

Real Moms, Real Reasons

For Dr. Kelly, the turning point was realizing she didn’t have legal guardianship set up for her kids.
For me, it was watching my father-in-law’s passing—and the unexpected pile of paperwork that followed.

And for millions of families each year, the lack of a plan leads to:

• Family confusion or conflict
  
• Assets tied up in court for months or years
  
• Children placed with guardians you didn’t choose
  
• Missed opportunities to pass on values and wealth intentionally
  
  

It’s Easier (and More Affordable) Than You Think

Despite how complicated estate planning sounds, the actual process can be quick and inexpensive.

🕐 A basic will can often be created in under an hour, once you know what you own and who you want to protect.
💵 Costs typically range from $350–$1,000 depending on where you live and how complex your needs are.

Don’t wait for life to slow down.
This is one of those “set it and breathe easier” moves that gives you peace for years to come.