Thinking about your own death is often unpleasant yet unfortunately necessary.
When you die there are a certain set of rules that dictate how your assets will be distributed to your heirs. Those rules are set by your state’s estate tax laws.
If you don’t want your assets to go to the state and likely take years to be doled out to your heirs then you need a will. Some people may also need a trust, but a will and a trust are two different legal issues.
Finding out the difference can be pretty confusing and having the wrong type of legal protection for your assets can be a catastrophic estate planning error.