As it turns out, everyone would be wise to create a will.
The Norman Transcript recently answered some misconceptions about the need for a will in “Wills: Who needs them?“.
As it turns out, the answer to the question posed in the article’s title is “everyone.”
There is not a single category of adult who cannot benefit from having at least a will, although most people should have more estate planning documents than just a will. If you have minor children, then it is even more important that you have an estate plan to make sure your children are taken care of by someone you would approve of and that there are assets to provide for the children.
However, it is not just the parents of minor children who need a will.
Anyone with any property, who wants to have a say in what happens to it after they pass away, needs to get a will.
An estate planning attorney can guide you through the process of creating a will and estate plan that will meet the unique circumstances of you and your loved ones.
Reference: Norman Transcript (Feb. 24, 2017) “Wills: Who needs them?”
