When you think of "estate planning" you probably imagine writing a will and giving instructions about who gets the house, the car, and the “Family” jewelry. An important asset for many people is their IRA and employer retirement plan (401K). Retirement plans are generally passed to beneficiaries directly, and are not disposed of in a will.

You don't need to mention the IRA in your will or living trust, the beneficiary form is the only thing you'll need to sign. And don't worry, you can change your beneficiary at any time. It's your money after all.