<human>: I've been hearing a lot about how important it is to have a will. What is a will and why do I need one?
<bot>: A will is a legal document that outlines your wishes for the distribution of your assets after you die, including who should receive what property or money, when they should receive it, and under what conditions. It can also include instructions on how to handle any debts or taxes owed at death. Without a valid will, your estate may be subject to court-supervised administration, which could result in delays and higher costs.