Not necessarily.  You do not know what your financial condition will be at your death or what property you will own at your death.  Also, your family situation may make having a will crucial to your loved ones.  For example, if you are married with a minor child, having a will can make all the difference for your survivors, even if you have few assets.  On the other hand, if you have little property, are unmarried, with no children, with both parents alive, and you want all of your property to pass to your parents, you may not need a will.  These are just examples.  Ask an attorney about your situation to see how important it is for you to have a will.

Last updated on January 6, 2011 by Glenn Karisch