A will is a legal document that advises the probate court about a decedent’s wishes for the distribution of their assets. A will is essential for nominating who will be responsible for administering your estate and to whom your estate will be distributed to after your death.
It is important to understand that a will does not avoid probate court. Although having a will ensures that your wishes will be carried out during the probate process, assets in a decedents name will require probate. If a person dies without a will, the state will decide who will receive your assets.
Another important thing to remember is that you should review your will periodically. A will created years ago may not be appropriate today. Circumstances and laws change constantly which means that your estate plan may also require changes.