You may think estate planning is only for the very wealthy. But whether or not you have sizeable financial assets, it’s likely you have possessions that have significant value to you and to those you care about—the china your great, great grandparents brought with them when they immigrated, or the Bible that has been handed down in your family for generations.

Certainly, if your assets are worth $2,000,000 or more, estate planning can benefit your heirs by potentially minimizing the taxable portion of your estate. Remember, all of your assets are included in your taxable estate, and adding up the value of your assets can be an eye-opening experience.When you include your home, investments, retirement savings, and the death benefit of the life insurance policies you own, you may be surprised at the value of your estate.