Why You Need A Will (Part 1)

I have recently been asked on several different occasions by friends and acquaintances to confirm what happens to their assets if they die without a last will and testament. About 99% of the time, what the person asking believes would happen is not actually correct. Some of the common misconceptions are that a will that you download from the internet and notarize is executed properly, that a will that is handwritten is iron clad, or that you don't need a will because it will all go to your spouse anyway. While these options may be quick, easy, and cheap, they could cost your loved ones more money and headache in the end. Hopefully, this post and the rest of this series will help clear up some common misunderstandings about what happens when you don't have a will or if your will is not executed properly and fails to be admitted to probate.