A will is a roadmap to effectively managing and dividing your estate when you’re not around. If there’s no will, you’re opening your family up to fighting and arguing over every little asset that you may have owned in the past, and sometimes the court responsible for the handling of your estate might go against your best wishes.
For example, if you failed to create a will (or if your will doesn’t include a list of beneficiaries) everything you’ve worked to build for yourself could possibly just go to whoever has the best lawyer. Even if you have a will, in some cases it’s possible for a vindictive ex-spouse to swoop in and contest the will so he or she can get their claws on as much of your estate as possible.