What a Will Can and Cannot Do
by Don Drake, Connelly Law Offices, Ltd.
A will is a legally binding directive stating who will receive your property upon your death and is an important part of a comprehensive estate plan. If you die without one the state will distribute your assets and property via state law and quite possibly at odds with your wishes, this is called intestacy.
"A will allows you to appoint a legal representative or executor to carry out your bequests and name a guardian for your children," said certified elder law Attorney RJ Connelly III. "But believe it or not, there are many studies that show fewer than half of adults living in the United States report that they have a will, though some portion of this group does have a comprehensive estate plan that covers them in other ways."