You're a young, married couple and just starting out in the world. You probably have small children and a large mortgage. Or, perhaps, you're a single parent, trying to make a life for yourself and your kids. Words like "assets," "estate planning" and "net worth" simply don't apply to you -- at least not yet. You don't have vast amounts of money in investments; you don't own lots of valuable property. If you died, there wouldn't be much to sort out financially, so, you certainly don't need a will. Or do you? The answer to that question is, yes, you do. A will, or even a living trust, encompasses many more factors than simply who inherits your money. There are several valid reasons why everyone, especially parents of young children, should have a legal will.