I would also establish a Living Trust it will make the transition easier, but do EXACTLY what the attorney tells you. You will have to re title your property under the name of the trust: cars, motorhome, home, all banks accounts, investment accounts and including oil rights to property.Your 401k, 403B and Life Insurance should have beneficiaries. We've had to learn the hard way. Just because you establish the trust does not mean you are protected unless you follow through. My father left one account not properly titled and without a beneficiary. Now we are going to Probate Court and looking at spending $10K to prove it is my mother's money.
