-- You decide how your estate will be distributed--it is said that "everyone has a will, either a document you create for yourself, or one that the government creates for you through intestacy laws”.
-- To avoid a more complex, lengthy, and costly probate process which can result from lack of proper planning.
-- To identify who will address the affairs of your estate as your executor/executrix, who will collect your assets, pay your debts, satisfy any tax obligations, and make proper distributions to beneficiaries with the least amount of discord or delay.
-- To identify who will pay taxes (such as the Pennsylvania Inheritance Tax) on assets which pass to others as a result of your death, as careful planning must be involved to ensure that the estate does not pay taxes for individuals who receive benefits through jointly held property, unless that is your intent.
-- To decide who will care for your minor children.
-- To provide for children or individuals with special needs through a minor's trust or a special needs trust.
-- To identify individuals who should, for one reason or another, not be beneficiaries of your estate.
-- To make gifts to charities held in high esteem.