A will can do many things. The most important thing a will can do is change the people who inherit your estate in the absence of a will. In the absence of a will, your property will be distributed in accordance with Louisiana “Intestate” (which means to die without a will) Law. A will can also do other things. For example, a will can:
- Name a guardian (called a tutor in Louisiana) for minor children;
- Create a trust for grandchildren, special needs heirs, or spendthrift heirs;
- Make provisions to save estate taxes for larger estates; and,
- Name an executor to collect the assets of your estate, pay any bills due, and distribute your estate to your heirs.
If none of this is important, then you may not need a will.
