You’re not too young to have a will. Here are a few reasons why we feel confident saying that.
Reason 1: You Are Not Immortal
If the last few years have taught us anything, it’s that we aren’t immortal. People from all walks of life - including young adults - have died from COVID. Not only that, but other things we’ve experienced over the last 18 months such as lockdowns, having to wear masks, businesses shutting down and fewer social activities are negatively affecting us as well.
Life isn’t easy, nor is it guaranteed. Sure, you may still theoretically have another 40 years before you hit the average lifespan of someone of your generation. But remember this is an average. A lot of people pass away much younger than their late 70s.
This isn’t meant to scare you. It’s just to help you come to grips with the fact that nobody has any idea when they’re gonna go, which leads us to our next point.
Reason 2: A Will Protects Your Loved Ones
When you think about who should have a will, who do you think of? A grandparent with a lot of kids and grandkids? A successful business person with a lot of assets?
While these types of people should certainly get a will, that’s not the extensive list. Who needs a will? Anyone who wants to help their loved ones transition to life without you after you go.
Are your parents still around?
Do you have brothers or sisters?
Are you married?
Did you have any children?
Do you have a pet?
Who are your friends?
All of these people are your loved ones, and they’ll all be negatively affected by your passing. It will leave a gaping hole in their lives that they’ll never be able to fill.
But you can help. By taking the time now to investigate what should be included in a will and going through the process of setting it up. You’re doing your loved ones a huge favor. You’re essentially creating a document to communicate what you want to happen when you go.. Why is this important?
Reason 3: A Will Minimizes Court Involvement
If you pass away without a will, a legal court needs to get involved. They’ll look at the situation and determine what happens with all of your assets and those under your care.
Sometimes this is fairly straightforward. If you were happily married and had kids, the kids would come under the care of your spouse. Likewise any assets you have would probably go to them as well.
But sometimes it’s not so cut-and-dry. What if you had gotten divorced and the children were living with you. Would you want them to go live with your ex-spouse if you pass away? If not, where would you want them to go?
The same question goes for your assets. Who would you want to get the money or house you left behind? Or your dog?
You aren’t too young to have a will because these things are important to flush out. You don’t want to just hope that the court makes the same decisions you’d want. Creating a will is your way to have a voice and communicate what you want to happen.
Who Needs a Will?
We recommend it to any adult. You’re not too young to have a will because it’s the best tool you have available to help your loved ones. Hopefully, you don’t need it for a long time and you live to be 100 years old. But just in case you do pass away young, it’s good to have it ready to go.
Ready to get started drafting your will? Just fill out this form and we’ll be in touch soon!