Many people assume that a will is only necessary if they own a large estate or have significant financial assets. But in truth, a will is just as important — sometimes even more important — for people of modest means. In North Carolina and elsewhere, estate planning isn’t just about wealth — it’s about clarity, control, and protecting your loved ones.
Here’s why you need a will even if you’re not wealthy.
1. You Decide Who Receives What
Without a will, the State of North Carolina decides how your property is distributed — even if that’s not what you would have wanted. This is called intestate succession, and it follows a rigid formula that may not reflect your wishes or your family dynamics.
Even if you don’t have large financial accounts or multiple properties, your personal belongings, vehicle, home, or sentimental items might matter a great deal to your loved ones. A will allows you to choose who receives what — no matter the dollar value.
2. You Appoint a Guardian for Your Minor Children
If you have minor children and no will, the court will decide who becomes their guardian if something happens to you. A will allows you to nominate the person you trust most to care for your children — an essential decision no matter your financial status.
3. You Choose the Person Who Will Manage Your Estate
In your will, you name an executor — the person responsible for handling your final affairs. This includes paying bills, managing assets, and distributing property. If you don’t name someone, the court will appoint someone for you, and it might not be the person you would choose.
4. Avoiding Family Confusion and Conflict
One of the most overlooked benefits of a will is the peace of mind it offers your family. A clear, valid will makes the probate process more straightforward and reduces the chances of family disputes during an already stressful time. When your wishes are spelled out in writing, there’s less room for disagreement or confusion.
5. You Can Still Plan for Digital Assets and Personal Wishes
Even if your estate is small, you may want to express specific wishes about digital assets, pet care, or funeral arrangements. A will allows you to document these decisions in one place, so your loved ones aren’t left guessing.
6. A Will Is the Foundation — Not the Finish Line
While some people may also benefit from trusts or more complex planning tools, a will is often the essential first step. It’s the baseline document that every adult — regardless of wealth — should have.
And don’t worry: creating a will doesn’t have to be expensive or complicated. At Forbes Law Firm, we focus on practical, affordable estate planning that reflects your real-life needs — not just your net worth.
Final Thoughts
If you own anything at all — a car, a bank account, personal items — and you care about who receives them, then you need a will. If you have children, you need one even more.
Estate planning isn’t just for the wealthy. It’s for anyone who wants to make life easier for the people they love.
At Forbes Law Firm, we help individuals and families across North Carolina create thoughtful, affordable estate plans — no matter their income or asset level. If you’re unsure where to start, we’ll walk you through the process step by step.
Contact us today to schedule a consultation and get your will in place with confidence.
