Do I need a will a trust or nothing at all?

A will is only recommended for people who have no real property (Home or Condiminium), who are not married and very little or no net worth. Wills do have there place and can be used in special situations in which there is some confusion over which document controls for testementary intent. 

The preferred Estate Planning device is a trust so that you can control your real property, avoid probate and ease the burden on your family and loved ones when it comes to settling your affairs. 

In some cases when a person owns a Mobile Home or has a named beneficiary for their 401K and or insurance policy a will is unnecessary but you should still consult with an Attorney and ensure that transfer of property will be accomplished.

James Zakasky
An estate attorney who goes beyond drafting wills and creating trusts