What is it?
One of the nicest gifts you can leave your heirs when you die is an estate that’s in good order, planned according to your wishes, with a guardian designated to represent any minor children, and with provisions to cover estate taxes . You can accomplish all this by leaving a will, yet close to 60 percent of Americans die without one (Source: FindLaw.com ).
If you die without a will, that is if you die intestate, you leave it to the courts to resolve your estate, which may or may not pass according to your wishes. The court will appoint an administrator for your estate and a guardian for your minor children. These may be people who don’t have your best interests at heart and whom you would not have chosen to represent you.