What happens to my money if I don't have a will?
If I have designated beneficiaries on my accounts, do I need a will? What would happen to my assets if I don’t have a will?
Yes you need a will. Even if you have established beneficiaries. An attorney might ask you about something that you haven’t thought of, it happens all the time. Please save your “beneficiaries”, loved ones and others the headaches, drama, and time. Get a will.
I overlooked your question about beneficiary designations, which do take precedence over a will. Generally, you usually want a will as well to cover any assets where you can’t specify a beneficiary, those where you forgot to specify a beneficiary, and to provide for other scenarios beyond distributing assets.