Will – What is it?
A will is simple. It’s a lawful paper that states who gets your property and gets to take care of your minor children when you pass away. Each state has its own rules when it comes to determining how a Will should be interpreted and enforced.
One the superstitions out there is that a Will keeps your heirs out of court when you die. This is not true. A will still has to go through the probate process to have lawful effect. It is feasible to title your home in many others means to make sure that probate is not essential (view our part on Alternatives to Wills and Trusts).