Seniors: Wills and Estate Planning
Writing a will is a good idea. It is one of a small number of important documents that together represent your estate plan. You need a will because that's where you identify who you want to inherit your assets.
Some people don't get around to writing their wills because they think that their possessions and finances are too small and simple to warrant the process.
Even if your assets are small and simple, and even if your assets are in a joint tenancy or a living trust, you still need a will.
Your will protects the people in your life, and it protects your assets.
Because if you don't set it down legally, then legally your estate will be at the mercy of the government because the government will take over where you left off....