Wills: Do I Really Need One?
Basic points on having a will v. not having a will.
The Benefits of Having a WillIf you have next of kin, own personal property, and care where your property will go when you pass on, then yes, you need a will. A will is the most common way to state your preferences regarding how your estate should be handled. It also names the person responsible for handling your estate, called an executor. The executor is responsible for gathering and accounting for your assets, paying any debts and taxed owed, and distributing the remaining property to the named beneficiaries. A will may also name guardians for the care of minor children and establish testamentary trusts.
Without a WillIf you die intestate (without a Will), the probate court in the county of your residence will appoint someone to fulfill the duties that would have been designated to the executor. The probate court is not required to name friends or family members for the administration of your estate, so having a will is a good idea just so you are naming the person you trust the most to carry out your wishes.