The Problem With Wills

The chances are reasonable that you’ll die before making a will. According to most studies, fewer than half of American adults report having a last will and testament that lays out how they want their property divided up, among other final wishes. Though some portion of that group opts for alternative types of estate planning, while others might draft a will late in life, many just never get around to designating their heirs at all.

The stakes can be surprisingly high. If you don’t plan for your demise, you relinquish control of your last wishes to a rickety, decades-old bureaucratic process that will do it for you—and may not include some of the people closest to you. For these cases, every U.S. state has laws that automatically designate their heirs—sometimes called “intestate-succession laws.” These laws differ slightly depending on the locality, but they tend to create a familiar hierarchy for inheritance. If the person has a spouse, the spouse is the first inheritor, and gets