Well, it’s a good start. It is an important document. However, it is usually not enough. Maybe you could benefit by establishing a trust. Or maybe you need to implement some other advance legal strategy and portfolio of legal documents for quick, simple and inexpensive estate settlement. For most people a durable medical power of attorney, financial power of attorney and maybe even a Living Will are also important.
And remember, your will often forces your loved ones to end up in probate court after your death. For many people, that is exactly the thing they want to avoid.