Many people think that a Will is only for people who are old or people who have a lot of money. In fact, everyone should have a Will. It is the only way of being sure that your assets will go to the friends, relatives, and charities important to you. You can also use your Will to set up special trusts, name the people who will handle your estate, specify funeral arrangements, or appoint legal guardians for your children.
If you die without a Will, the government will specify who is to get your property and who will manages your estate. People you were hoping to remember with a special gift may end up getting nothing. On the other hand, someone you were planning to leave out of your Will (such as an estranged spouse) may receive everything you own.
Your Will can also make it easier on loved ones you leave behind. The estate of a person who dies without a Will can be frozen for a long time. A spouse or child who is in need of funds may not get anything for months, or even years. The delays and increased costs without a Will make it important for even the smallest estates to have a Will.