Do I Need a Will If I Don’t Have Much?

Many people believe that they do not need a will if they don’t have much. However the truth is, no matter the size of your estate, having a will is a crucial part of estate planning and helpful for your loved ones.

Why You Need a Will

A last will and testament specifies who you want to serve as your executor—the person that will carry out your wishes. This includes transferring assets to your heirs, paying off debts, and managing your estate.

If you die without a will (also known as dying intestate), any family member can apply to be your estate administrator—or the court may appoint a public administrator. This can lead to confusion, delays, and be costly.

Who Inherits Without a Will?

When you don't have a will, your heirs are determined by North Carolina intestacy laws. These laws decide who inherits your real and personal property based on their legal relationship to you—not based on your personal preferences. That means:

• You cannot choose who inherits or how much they receive.
• Someone you wouldn’t want to inherit could legally be entitled to a portion of your estate.
• Loved ones who are not related by blood or marriage, like close friends or unmarried partners, may receive nothing.

Benefits of Having a Will

• Choose who inherits what—down to specific items or amounts.
• Prevent unwanted heirs from receiving part of your estate.
• Streamline the probate process, making things easier for your loved ones.
• Appoint a trusted person as your executor to carry out your wishes.

Final Thoughts: Plan Ahead, No Matter Your Estate Size

Creating a will isn’t just for large estates. It’s a practical step that gives you control over what happens to your belongings—and it spares your loved ones unnecessary stress during an already difficult time.

If you're ready to start planning, consult with a North Carolina estate planning attorney to make sure your will is legally valid and reflects your intentions.