Does everyone need a will? And if so, when is the time to get one?
“Many people think that they don’t need a will … since they don’t have an ‘estate,’” said certified financial planner Scott A. Bishop, partner with STA Wealth Management. “That is just wrong.
Even for a small checking account and a car, he said, someone has to distribute the account and change title to the car. Furthermore, minus a will, someone will have to go to probate court, prove a relationship to the deceased and be assigned by a judge to serve as executor.