Myth: I do not need a will until I am old or sick.
Reality: The healthier you are when the will is written, the less likely it may be challenged after you are gone.
Myth: I do not need a will because I do not own very much.
Reality: Most people underestimate the value of their assets and if you own a home or have minor children, you need to have a will.
Myth: If I have a will, I will need to file it right away.
Reality: Wills are not "filed" for probate until after death, but the county probate clerk's office will hold the will for safekeeping for a nominal fee.
Myth: If I have a will, then probate is unnecessary.
Reality: Probate is necessary to give the will legal effect after death.
Myth: I do not need a will because my spouse will automatically get everything we own together.
Reality: Land, including your home, does not automatically transfer to the surviving spouse. During your lifetime, specific steps must be taken so that bank accounts and other financial assets (such as life insurance and retirement funds) transfer to people or charities of your choosing.