Legal

4 Reasons Why You Need a Will (Despite Your Age)

There’s a common misconception that a last will and testament is strictly for older adults. Why, some ask, do you need to make arrangements for something (you assume) won’t happen for quite a while?

But if this bizarre past year has taught people anything, it’s that life is uncertain. Not to be morose, but the unthinkable can happen to anyone, and at any time, so it’s essential to be prepared. Despite your age, you should consider creating a will.

4 Reasons Why You Need a Will (Despite Your Age)
Credit: Andrea Piacquadio Via Pexels

To do this, you’ll need the help of a lawyer who specializes in wills and power of attorney – they are critical in ensuring that your will is properly drafted with clear language and all formalities checked. You’ll also need to reflect on your wishes. All told, it’s an easier process than you might think. Online legal services make the formal end of the process easy and affordable, and self-reflection is straightforward for most people.

If you’re still on the fence about creating a will this early in life, consider the following four reasons.

You Ensure Your Wishes Are Followed

This is the overarching case for creating a will. You have certain ideas regarding where your assets should go, who your beneficiaries should be and who your executor should be. All a will does is formalize those ideas so that your wishes are guaranteed to be carried out.

In the absence of a clear will (i.e., when you die “intestate”), decisions like where your assets and estate go are dictated by local legislation. In other words, the government decides everything. It’s far better to rip off the bandage, team up with an online law firm and get things sorted out in advance.

Lighten the Load on Loved Ones

Should the unthinkable happen, your loved ones will be grieving. It is the worst possible time for them to navigate bureaucratic red tape.

Creating a will saves your grieving loved ones from having to make protracted, impactful decisions, which may create disputes. You want them to focus on celebrating your life – not sorting through upsetting paperwork.

Decide Who Cares for Your Minors and Pets

If you have a kid or even a pet, your will can dictate to whom they go. Equally as important, you get to dictate who they shouldn’t go to. Everyone has a few untrustworthy figures in their lives; they aren’t bad people (they’re your loved ones, after all), but you wouldn’t entrust your child or pet to them.

If you have a family (or simply a furry friend in your life), it’s a wise idea to create a will. Just remember to bring it up with your personal will lawyer when the time comes.

Create a Legacy

Finally, a will is a fantastic opportunity to consider your legacy. Are you passionate about a cause? Is there a charity or organization that has meant the world to you? As part of your last will and testament, you can set up a donation or legacy gift.

To summarize, there are two things you should know about creating a will: one, it’s important for all the reasons listed above; and two, it’s a simple process with the help of great online legal services. Whether you’re 25 or 65, consider writing a last will and testament.