When Do You Need a Will? When do you need a will? The answer is easy: Right Now. Share | Related Content Safeguard Your Digital Estate If you died, what would happen to your email archives, social profiles and online accounts? Understanding the Alternate Valuation Date Executors can value the estate on the date of death, or on its six-month anniversary —the “Alternate Valuation Date." Principles of Preserving Wealth How federal estate taxes work, plus estate management documents and tactics.