Do I Need A Will?
"Do I need a will?"
This is probably the most common question that estate planning attorneys are asked by clients and potential clients. While there's obviously no overt requirement for individuals to draft a will, it is an exceedingly good idea for everyone. Even if you don't consider your personal assets to be all that significant, you will likely want to have some say in what happens to them when you die -- a will allows you to dictate not only what happens to your assets, but you also have the chance to name someone you trust as your executor to make sure your wishes are carried out.
If you have children under the age of 18, a will is a MUST, as it's your best chance to make your wishes known as to who will care for your kids when you're gone.
Of course, a will is only one part of a complete estate plan -- living wills, health care and durable powers of attorney, trusts, and other arrangements all play significant roles, as well. But, the will is typically at the center of your estate plan.
[The foregoing is provided for general educational purposes only and is not intended as specific legal advice.]