When Do You Need a Will? When do you need a will? The answer is easy: Right Now. Share | Related Content Exit Strategies of the Rich and Famous Estate conservation is too important to put off. Do you have a smart exit strategy? Four Steps to Valuing an Estate Determining the value of your estate, or for someone who has passed away, can be a complex undertaking. Principles of Preserving Wealth How federal estate taxes work, plus estate management documents and tactics.