Creating a will takes the burden off surviving family and helps prevent conflicts over a prized heirloom like grandmother's wedding ring, she said. Wills can provide financially for the surviving spouse and dependent children in case of unexpected events, Wright said. Without a will, all property goes to the surviving spouse unless there are children. If so, one-fourth of any separately held property goes to the surviving spouse and the rest is divided equally among the children. Writing a will, however, allows people to make their preferences known.
Wills also can designate guardianship and other provisions to guarantee children's rights.
If a person has never married or had children, the estate usually passes to parents and then to siblings in the event that there's no will. The recipients of non-titled items with little monetary value but a lot of sentimental value can be designated with a letter of directions. A will may be drawn up by an attorney, written using a self-help guide, or a simple form purchased from a local office supply or stationery store that is notarized after completion, she said. Keep it in a safe place, such as with an attorney, trusted friend or family member. Also, If you move to another state, make sure the will complies with the laws of that state.