Do I Need A Will?

*The information on this page is for educational and information purposes only and is not legal advice or a legal opinion.

A will is a written instrument that directs a probate court and your personal representative/executor how to divide your estate, meaning your personal belongings, real estate, bank accounts, retirement accounts, insurance accounts, business holdings, and anything else owned by you, upon your death, and after creditors have been paid.

If you die without a will, your estate is passed through intestate succession, the rules of which differ by state. So the answer to the question above can be found here if you live in Colorado, and here if you live in Tennessee. If you are okay with how your state has predetermined your property passes, then you may not need a will.

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Generally, trusts are a better option for individuals with assets of any value because they are private and avoid probate. A pour-over will is provided in conjunction with trusts to ensure all assets pass to the beneficiaries of the trust.

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