Should Every Adult Have a Will?
Whether you are young or old, married or single, a parent or not, wealthy or not, you need a will. This is true even if you have arranged your affairs to totally avoid probate. You should always have the backup of a will.
It is impossible to guarantee that probate will be avoided. For example, final paychecks and wrongful death claims are the subject of probate. Therefore, a will guarantees that your assets will pass the way you want.
A will pays for itself many times over merely by waiving surety (insurance requirement) on the bond of the executor. Just having a will is not the goal, though. Your will and other estate planning documents must be well-prepared and must reflect your current situation.
If you don’t have a valid, current will, get one.