Last week, we reported on the death of singer Etta James. Her situation was a reminder then and now how important estate planning can be, but she isn't the only celebrity whose unfortunate situation serves as a reminder to people to have their affairs in order.

Although no one likes to think about their own death, the reality is that tragedies can happen at any age. Author Steig Larsson, famous for his book "The Girl with the Dragon Tattoo," died suddenly of a heart attack at the age of 50. He had no will, and a lawsuit between his girlfriend of 32 years and his family followed. His family members inherited the estate, but his girlfriend remains in possession of a fourth manuscript that has never been published. The lawsuit has not yet been settled. This case illustrates the importance of planning an estate early.

In addition to planning early, it is important to appoint medical and financial decision-makers. As evidenced by Olympic skier Sarah Burke's tragic death at the age of 29, even young people can face serious medical conditions. If a power of attorney has not been appointed, and if a living will isn't in place, family members have no decision-making power over a person's medical or financial concerns.

People should also consider making updates to documents after major life events occur, such as a divorce, a new baby or new business.

No one wants to think about their death, and people certainly don't want to talk about. However, it is important to have these kinds of conversations with family members. Let family members know what kind of planning has been done and where important documents can be found. Although estate planning takes time and effort, it pays off greatly in the end.

Source: Forbes, "Etta James, Others Remind of Need for Estate Planning in 2012," Danielle Mayoras and Andy Mayoras, Jan. 24, 2012