If I have no assets, do I have to make a Will?

I am not married, have no children and do not own anything (house, cars). I do have savings accounts and stock of which I have assigned beneficiaries to.

Asked on March 13, 2015 under Estate Planning, New York

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

You never "have" to make a will, but its almost always a good idea to. After all, you do not know what will happen in the future: you may come into more money, buy property, be left or inherit something yourself, etc. and want to have a say over where it goes--which can be a charity, for example, and not a person, if that's what you want to suppport. A very simple will can be done which will account for anything later acquired.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.