A Will is a document that reflects the planned distribution of your assets.
If you wish to leave your entire Estate to your surviving spouse, you must have a Will. If there is no Will, the State of Ohio will write a Will for you according to the statute of descent and distribution and your surviving spouse may or may not get your entire Estate.
With a Will you can decide who gets your property and how much. A Will can also help reduce family disputes regarding the division of assets.
Most importantly and often overlooked, a Will can also name a guardian for a minor child and hold money beyond the age of 18 up until the age of 21. By having a Will you can help to minimize or avoid the chances of your ex-spouse getting or controlling your child’s money.
When you have no Will, you also lose control over who the fiduciary will be.