Why It’s Good To Get Your Will In Order at a Young Age
As the old saying goes (which originated from a letter written by Benjamin Franklin), ‘In this world, nothing is certain except for death and taxes.’
While some would like to think that death won’t come until they’re old and gray, this isn’t always the case.
As such, going through life without planning for that inevitability isn’t the wisest course of action. However, it’s never too late to set things straight, not only on a personal level but a legal one.
Contrary to popular belief, wills aren’t limited to elderly folk who may be preparing for their passing or those who have lots of assets or properties to give away to heirs.
Wills can, in fact, be written and planned out regardless of your age or whether or not you have so-called assets to leave behind.
The act of writing a will is, in reality, more important than young people would think. However, it would hardly cross their minds until a life-changing event perhaps prompts them.
There are more than a handful of reasons to get your will in order while you’re young. Here are a few of the most important ones.
You Don’t Have to Wait for the ‘Perfect Time’
Writing a will and working with a lawyer can be a time-consuming endeavour. This is probably why many people opt to do it once they’ve settled absolutely everything.
This will save themselves the trouble of constantly changing or updating the document.
However, thanks to services like Willed, you have the option of creating a will online and updating it as necessary.
This way, you don’t need to wait for the ‘perfect time’ to make a will. It’s often the case that changes would still happen even if you think you’ve put all your affairs in order.
On some occasions, updating your will can happen because of reasons that aren’t always a result of direct changes in your life.
Examples of these are the following:
- A beneficiary or heir dies
- Your executor dies, is unable to perform their duties for health or other reasons, or they become unwilling to do so
- If an asset or property you’ve left to a beneficiary has been sold, given away, or placed into a trust or partnership that changes its character
- Changes have been made to laws regarding taxation or security
Protect What You Hold as Valuable
As mentioned, death can come at any time. No one can definitively predict when—or even how—a person would pass away.
So, while you’re young, it’s better to prepare by writing your will. Especially if you want to protect what you deem as valuable in your life.
This doesn’t only translate to material possessions, but it also involves the people you hold dear.
For instance, if you have children below the legal age, you can appoint the appropriate guardian for them.
On the other hand, if you have pets, you can indicate in your will how you want them to be cared for when you’re gone.
Without a will to specify these things, someone else or even the state will likely have to make the decisions on your behalf.
You won’t be there to contest conditions you’d find disagreeable.
For Your Peace of Mind
While not all people are given the choice to live life on their terms, a will would be able to provide them with the option of dying on their terms.
At least when it comes to setting their funeral wishes.
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After all, planning how your funeral should go as you want it is. It is perhaps the last declaration of life any person could make.
Sudden deaths aren’t at all uncommon. As unfortunate as it may seem, a will could at least provide you with peace of mind.
You’ll know that whatever and whoever you’ve left behind will be treated in the way you intended them to be.
When There’s a Will, There’s a Way
Even at a young age, make it a point to consider writing your will. You can save time, protect valuable assets, and have peace of mind.
You’ll know that nothing about your belongings or loved ones will be left to chance when you pass away.
Don’t wait until you’re old as there’s no perfect time than the present to arrange your will and set things straight.
Do you have any tips to get your will in order at a young age?
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I am a girl from the UK with a lot of thoughts. Not a fan of the online world but, every once in awhile I let my thoughts out. I write about life, finances, home design, and more. Hoping to inspire people every day. I’m a writer, a reader, and an old soul.