If you don't make a will or use some other legal method to transfer your
property when you die, state law will determine what happens to your property.
Generally, it will go to your spouse and children or, if you have neither, to
your other closest relatives. If no relatives can be found to inherit your
property, it will go to the state.
In addition, in the absence of a will, a court will determine who will care
for your young children and their property if the other parent is unavailable
or unfit.
Make sure your will reflects your currentwishes and
situation.
Experience teaches us that the only constant in life is change. But we don't
always keep up with the important tasks -- such as updating wills and other
important legal documents -- that should accompany big changes in our lives.
Your will should always be tailored to your current family and financial
situation, not the one you faced five years ago or maybe even just last year.