Estate, Wills and Trusts

Is probate only a concern for the very well off?

I’m 65 years old and have two grown daughters. I would love to give them something when I pass away, but unfortunately have meager savings, which I’m sure I’ll spend through the rest of my retirement. I do own my home, which is worth $250,000, so do I need to do some sort of estate planning beyond a will to make sure the proceeds are split by my daughters?

Do they really need to be locked up in a safe? Can’t I just keep them in my den?

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?