Why It’s Important to Have a Will: Planning for the Future

Life is unpredictable, and while it’s not pleasant to think about the worst-case scenarios, being prepared is one of the most responsible things you can do for your loved ones. Creating a last will and testament ensures that your wishes are honored and that your assets are distributed according to your intentions—not the state’s.

What Is a Last Will and Testament?

A last will and testament is a legally binding document that outlines how your estate—including property, money, and other assets—will be handled after your passing. It can also specify guardianship for minor children, assign responsibilities for debts, and direct charitable donations.

To be valid, the will must meet specific legal criteria:

• Testamentary Capacity: You must be of sound mind when writing the will. 
• Witnesses: Most states require at least two witnesses (some require three), and they cannot be beneficiaries of the will. 

What Happens If You Die Without a Will?

Dying without a will, also known as dying intestate, means the state decides how your estate is divided. Typically, assets go to immediate family—spouse, children, or parents. If none exist, extended family like siblings or nieces/nephews may inherit your estate.

In community property states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin), assets acquired during the marriage are automatically transferred to the surviving spouse. This includes both property and debts.

Without a will:

• Friends or non-immediate family may receive nothing. 
• Guardianship of minor children is decided by the court. 
• Your estate may be subject to longer legal proceedings. 

Key Benefits of Having a Will

1. Ensure Your Assets Go Where You Want

A will puts you in control of who inherits what—whether it’s family members, close friends, or charitable organizations.

2. Appoint a Guardian for Minor Children

A will allows you to name trusted guardians for your children. Without it, the court makes this decision, which might not reflect your wishes.

3. Minimize Estate Taxes

Strategic planning in your will, such as charitable donations or gifts up to $13,000, can reduce estate taxes and maximize what your heirs receive.

4. Disinherit Individuals If Necessary

If you wish to prevent certain individuals from receiving any part of your estate, a will gives you the legal power to do so.

5. Speed Up the Probate Process

Having a valid will can significantly reduce the time and complexity of probate—the legal process of distributing your estate. Assets like life insurance policies, certain properties, trusts, and payable-on-death accounts can often bypass probate entirely.

6. Appoint an Executor You Trust

A will lets you name an executor—someone responsible for managing your estate, paying debts, canceling subscriptions, and ensuring your wishes are carried out. This person doesn’t have to be a family member, just someone trustworthy and responsible.

Flexibility to Update Your Will

Your will isn’t set in stone. Life changes—such as marriage, divorce, births, or major financial changes—often call for updates. As long as you are of sound mind and follow legal procedures (including witnesses), you can revise your will at any time.

⚠️ Be cautious with handwritten wills. While legal in some states, they can lead to longer probate processes due to authenticity verification.

Protect Your Loved Ones with a Will

Creating a will is one of the most thoughtful and essential steps you can take to protect your loved ones and ensure your legacy is handled the way you want. Tragedy can strike unexpectedly, and having a will offers peace of mind, knowing your affairs are in order.

Don’t wait—start planning today. A will isn’t just about wealth. It’s about care, clarity, and control.