SURVEY SAYS HALF OF AMERICANS LACK BASIC ESTATE PLANS | David Wolf - JDSupra
If the survey in the article is true, people are putting their assets at risk. If you want a particular heir to have an heirloom, asset, or bank account, you need a will to ensure that your wishes are carried out. People should also consult with an attorney to discuss a revocable trust. If done correctly, they are more valuable than wills. Indeed, trusts avoid the hassle and uncertainty caused by going through probate. Moreover, you select the trustee, which is normally not challenged. On the other hand, the appointment of an executor can be challenged during the probate process.
If you live in Georgia, New York Maryland, or DC, and don't have a will, you should contact me to discuss your estate.