A will is a legal document which establishes how you want your assets divided and who takes care of any minor children you have upon your death. Without a will, the law sets out what happens to your assets. For instance, if you die without a will, your assets are split equally between your spouse and children. This may or may not be how you wish to distribute you assets. You may want all of your assets to go to your spouse or you may want to give something to a charity. A will can also name guardians for your minor children which can help prevent any disagreements between family members.
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