Do I still need a Will if I've already signed a power of attorney? Yes!
A Will is needed after you die. It is a gift you give your family by stating what you want them or others to have. A power of attorney is only effective for as long as you live. It will not help your family after you die.
A Will is very important because it states what you want specific people to get after you die.Your Will can provide who you want to 1. take care of your minor children, 2. take care of any money you leave them, 3. collect your assets and pay your debts. If there are family members that you don't want to received anything, you can say so.
Your Will can make things easier on your loved ones by saving time and money.Your lawyer will ask you to name a person to handle your assets and debts; that person will be list in your Will as the personal representative. You can also relieve the person you want to handle your Will from obtaining & paying for a bond and from preparing and filing an accounting. This will reduce expenses.