If you would like to leave an inheritance for your children or grandchildren, then it stands to reason that you need more savings than just what is necessary to live on, when you are no longer working.
Another reason is that if you are saving and investing a lot of money, then you need to confront the possibility that something could happen to you before you can spend all of it. You need to decide what should happen to that money.
Creating an estate plan with an estate planning attorney is unlikely to be difficult and can help you in your retirement plans.
