@casheroo – You may have more than you think when it comes to stuff. Do you own a car? What about a television (some of those big screen TVs are worth a fair amount)? Furniture? Computer? Jewelry of any sort, including wedding rings? Life insurance? College savings plan for the kids? Pension or 401k money through work? It adds up in quite a hurry.
In addition, depending on your state, if you die without a will who gets your stuff, including your minor children, is decided upon by law. In Texas it is done this way, which can be a rude awakening if someone happens to be a second spouse of a person who was divorced previously or who has children by someone else. All of a sudden you end up sharing ownership of your house with someone to whom your spouse couldn’t stay married, possibly for good reason.
And just because you haven’t been able to pick a guardian doesn’t mean your children will never need one. It is better to pick someone who isn’t perfect than to have no one picked at all. In that case your kids could even end up in foster care.
On top of that, what happens if you end up somehow on life support? Will you set some guidelines for family to follow about pulling the plug? Or will you force then to try to figure out what you might want?
It is much better to have a will and never need it, than not have a will and it becomes necessary. Having a will is really about being an adult and choosing to do the hard work of deciding what should happen if you aren’t around any more. Not having a will means you are bent on making someone else make all those decisions for you.