If both your spouse and you die without wills, your combined assets will be divided equally among the children. But if one of your children suffers from a physical or mental disability, he or she may have individual needs which require special attention in your estate plan. Or perhaps you want to preserve the family business for future generations. Again, if both your spouse and you die without wills, all your assets, including the business property, will be divided equally among the children. The child who wants to stay in the family business will now be required to buy out his or her brothers and sisters.
General experience says no.
Or perhaps you want to minimize death taxes. For large estates, the division of property under the Intestate Succession Laws rarely results in a zero amount federal tax bill. These are only a few examples of the problems which might arise if you die without a will. These and other problems can be avoided if you decide how your property is to be disposed of after your death. Make some basic decisions as to how you want your property divided among the family members, then seek out the assistance of an attorney for the drafting of a will which will give effect to your estate plan.