Yes, generally speaking any person that has assets and liabilities needs a will.
In the absence of a will, a deceased person’s assets will be distributed by a court, which may not handle the assets as the deceased would have desired. Not having a will also subjects a person’s estate to legal disputes from heirs, creditors, and sometimes non-family members seeking to make a claim.
The court costs to settling an estate without a will can be very high and taxing to the deceased’s immediate family and loved ones.
Do I Need a Trust?
What is the Difference Between a Will and a Trust?
How Much Does it Cost to Prepare a Will?
How Do I Prepare a Will?
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