A Will is a legal document that names guardians for your minor children and/or determines who will receive certain property or assets when you pass away. Without a Will, state law decides who gets what, without regard to your wishes or your heirs' needs.
In addition, without a Will naming a preferred guardian, the court will not have any guidance as to who you wish to be appointed as guardian of your children. If there is no Will, state courts try to do what's best for minor children and usually appoint a close relative as guardian (if one is available). But, if there is a Will, the court will generally give preference to your named guardians.
If you don't think a Will is necessary at this point in your life, read our blog post to find out. We also have some suggestions on how to get started, if like all of us you've been too busy to begin the process.
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