Without a properly written will, you are giving up your legal right to decide who will receive your property after your death, and who will not receive your property. You may also be creating additional costs and complications for your heirs after you die. If you have minor children, you lose the opportunity to determine who will serve as guardian for them. The court will name the guardian and it may not be the family member or friend that you would want.
By Esther Schwartz Zelmanovitz