Should everyone have a Will?

To make a Will in Pennsylvania, the person making the Will must be of sound mind and 18 years of age or older. Everyone, whether wealthy or of modest means, should have a Will. This guarantees that your lifetime accumulations are given to those persons or institution whom you wish to benefit.

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1. What is a Will?
2. Should everyone have a Will?
3. What if there is no Will?
4. Does a Will become outdated?
5. Must a Will be witnessed?
6. When must a Will be registered?
7. When should a Will be changed?
8. How much does a Will cost?
9. Does a Will create more probate expenses?
10. Can life insurance take the place of a Will?
11. Does joint ownership avoid the need for having a Will?
12. Are taxes payable on an estate?