Do you need a will? Yes.
Why? In general, you need a will so that when you pass away, your property and assets will be distributed according to your wishes.
However, there are additional, more specific reasons, to have a will.
For example, if you are married, you need a will. Typically, your spouse inherits your assets even if you die without a will, but you do not want to leave that up to chance. On the other hand, if you want someone other than your spouse to inherit any of your assets, you need to put that in your will.
Do you have children? You need a will. You will not only want to be clear about what assets you want your children and/or spouse to inherit, you will also want to name an executor of your estate and a guardian of your children. The executor will be responsible for distributing your assets while the guardian will be responsible for raising your children in your absence.
If you are single with no assets (or bunches of student loans), a will may not be entirely necessary for you at this time. However, it can be helpful to have in place to direct your wishes if you have sentimental assets that may not be worth much monetarily, but are invaluable to a friend or family member.
Wills should be revised and updated regularly. If you need to draft a will, or need your current will revised, contact a lawyer today.