In short, probably. More clearly, your estate will probably need a will. Your will doesn’t address what you have now, it addresses what you have when you die. Your will also isn’t for you. It is for those you love and will leave behind.
Think of it like insurance – Your house has never been destroyed and most likely never will. But would you stop carrying insurance on it? No. Not even at the cost of thousands of dollars a year. That’s a far bit more than $125.
Even if you don’t have much now, you never know what your estate will be worth. I have handled so many cases over the years where individuals who had little or nothing were killed in tragic accidents. It only adds to the tragedy that the loved ones are left without directions as to the person’s estate – an estate that is often now worth hundreds of thousands or millions of dollars.
I’ve also handled cases where loved ones find out about property a dead relative has after the relative passes away. And I’ve represented family members when the inaccurate or incomplete beneficiary designations on life insurance or financial accounts are not sufficient. Without a will, those assets pass to the heirs at law.
With so many different ways things can go wrong, why wouldn’t you get a will? how about today? Now?