What Happens if I Don't Have a Will or a Trust or an estate plan?

You may be wondering what would happen if you don't have a will or a trust in place. In that case, if something ever happened to you, a judge would decide who would manage your estate. A court would determine who gets your assets, who would take care of your children if they are minors, and your children would get their money outright and unprotected at age 18.