When a person dies without a Will, or dies “intestate”, as the law calls it, the property of the deceased is distributed according to a formula fixed by law. In other words, if you do not make a Will, you do not have of any say as to how your property will be distributed.
An ” Estate” applies not just to real estate, but any cash in a bank accounts, cars, furniture, books , bonds, jewelry, family heirlooms, works of art…any property anything at all owned by you.
A will should be made while the maker is in good health, free from emotional stress. A prudent person does not wait for a catastrophe or other compelling reason before making a decision. If you have children and you and your spouse dies, do you want to name the guardian of your children, or do you want the court to appoint one? If you do not have a Will, the court, by law, will appoint the guardian.
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