A Last Will and Testament provides your instructions about your estate, both with respect to administration and distribution. Wills also often include instructions about minor children. If you have minor children you need a will, for sure. Even if you don’t have minor children, having a will should be on your bucket list.
A will addresses administration most directly by identifying a Personal Representative. (Personal Representative is the gender neutral substitute for executor/executrix, and became part of the proper terminology in Arizona when the state adopted the Uniform Probate Code 40 years ago.) The Personal Representative has as his or her tasks, in simple terms, gathering and distributing assets after paying creditors. There’s more to it than that, but those