Hm, upon further thought and discussion with ktspktsp, perhaps all that is really necessary at this point is a living will... we both have assets, but perhaps not enough to worry about? (At what point in one's financial status should one start to "worry" about how to divvy it up when you're dead?... a few thousand? a few tens of thousands? I have no idea.) We also both have accounts in other countries, which I imagine are governed by different laws of inheritance. Hmph.
As for life insurance, we are both 27 and in good health, very low risk. We don't have kids yet, which makes us feel like (in addition to not having much assets) we don't really need a last will or life insurance yet... but perhaps we are naive in thinking this way.
But a living will, that can be of use any day that someone drops dead or is hit by a car, etc. It probably won't happen to us, but still... I've seen it happen enough that I want it taken care of before we have to think about it. So maybe we will look into that.
Has anyone used
www.legalzoom.com ? Looks like a fairly reputable site...