Dan and Mary Green are in their mid-30s and have two children, ages 8 and 5. They have combined annual income of $95,000 and own a house in joint tenancy with a market value of $310,000, on which they have a mortgage of $250,000. Dan has $100,000 in group term life insurance and an individual universal life policy for $150,000. However, the Greens havent prepared their wills. Dan plans to do one soon, but they think that Mary doesnt need one because the house is jointly owned. As their nancial planner, explain why its important for both Dan and Mary to draft wills as soon as possible.