I'm just a 20 something single, do I need a will and why?
June 13, 2007

It is almost always preferable to have a testamentary document (whether a will or revocable living trust). Having one assures that your assets will go to your desired heir. For instance, your parents are doing just fine and they have told you they don't want your estate. You may want your brother or sister to have your estate. Without a will or revocable trust, you will be deemed to have died intestate (without a will) and your assets will go to your parents. In order for your parents to get the assets to your sibling, they will either have to disclaim their interest in the estate or gift the assets at a later point in time. Both of these processes can be easily avoided by simply having the right document in place. Just do it.

If you have questions, please contact:
Charles B. Jones, Esquire

(410) 752-2468