Does all of your property get distributed under your will? Yes, everything you own will be distributed under your will. Maybe, some states will require everything to be distributed under your will and some do not. No, some property may pass outside of your will and outside of probate such as bank accounts held jointly with the right of survivorship or life insurance. None of the above. QUESTION 4 If you are young and don't have many assets, why would you need a will? To designate a guardian for your minor child or children To avoid paying estate tax To avoid going through probate. All of the above