There are many factors in 21st-century life that we must plan for. We should have car insurance to cover us while we’re on the road as well as homeowners or renters insurance to cover our possessions at home. Everyone should have a will whether they are wealthy or not. Many people who do not have significant assets believe there is no need for them to have a will. However, if you have children and die without a will, your state government is going to decide who raises your children. If you’re incapacitated, the state government will decide who handles your money and health care needs. While each of these eventualities can be covered, and may or may not occur, all of us will eventually retire if we live long enough.