What is a will?
A will is a legal document that distributes an individual's property after his or her death. This document lets you control what happens to your property and affairs. It also allows you to designate an executor to carry out your directions and a guardian if children are involved.
Why do I need a will?
Without a will, the probate court will assign an individual to inventory your property and distribute it in accordance with state law. Having a will allows you - versus the court - to control who inherits from you, who will be a guardian to your children and who will serve as your executor to carry out your wishes.
Creating or updating a will
State law governs the validity of wills and requires that the forms and execution of wills meet certain requirements. A will may be revoked and amended at any time during a person's life. To properly draft a will and ensure compliance with state law, you should consult a qualified attorney who is licensed in your state.