Do You Need a Will for $2 Million in IRAs and Homes?

A couple in their 50s with $2 million in IRAs and 401(k)s is questioning the necessity of a will. They own a primary home, a vacation home, and a mother’s home, all with no debt. The assets include significant retirement savings alongside real estate holdings. This financial situation raises important considerations about estate planning and asset distribution, particularly regarding the management of these properties and investments after death.