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Writing a will is much less complicated and less expensive than you might think, which is good since 70 percent of us don’t have one. And, if you don’t make a will, you won’t have any control over where your property and assets go after you pass away – whether expected or unexpected. Without a will, in fact, your state’s law will determine what happens to your property and assets by means of something called “intestate succession.” Under intestate succession, your property and assets will be distributed to your spouse and children, or, if you don’t have children or a spouse, it will be distributed to your relatives according to state law. If you don’t have any relatives, your property and assets will likely be given to the state. Finally, without a will, you won’t be able to determine who cares for your children after you pass away – a court will.

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