Everybody needs a will because if you own property and you don’t have a will, the state law will determine who is in charge of your estate, and who that property will go to. If you have children, especially minor children under the age of 19, you’ll want to have a will, so that you can pick who you want to be their guardian and also, their trustee.The guardian is the person who is in charge of making sure that they have food, shelter, and clothing. They’ll make medical decisions. They’ll make health‑care decisions. They’ll also determine where they go to school, and who they live with. If you don’t have a guardian named in your will, the court will appoint somebody for them.
You can also have a trust in your will to where the assets are protected and the kids don’t get it at age 19. You can wait until they’re a little more mature, and have somebody in charge of those assets to protect them.
In the end, it saves money if you have a will versus if you die intestate without a will. You get to control where you want your assets to go, and who you want to be in charge of them.