How young is too young to write a will? As we were young once, too, many people may feel invincible and don't see the value of drafting a will at a relatively young age. It is, however, important for so many reasons.
Life is unpredictable and accidents, unfortunately, can happen at any time.
Therefore, we put together a checklist for young people to ask themselves when considering drafting a will:
What is the minimum age to write a will?
In most states, you must be 18 or older to write a legally valid will.
Deciding at what age you should write a will is a highly personal decision, but there are certain practical considerations that can help you determine when the time is right.
For example, if your family has a history of mental illness, it might be wise to be proactive during your younger years and plan ahead. Remember, you must be mentally competent when writing a will.
What Are Your Assets?
When you're young, you may not have many assets to leave behind, but you may have some savings, heirlooms, and a car, among other things.
For young people, covering digital assets may be especially important. Did you know your will can include access to photos, blogs, music, movies, video games, PayPal accounts, and other digital aspects of your life? Yes.
Who Are Your Beneficiaries?
When an unmarried person without children dies without writing a will, the deceased's assets will typically go to his or her parents.
If there are other people or groups (charities, for example) you'd like to leave assets to, it's best to plan ahead and include them by writing a will. If you die without a will, they won't be covered by law.
How to Get Started?
In order to get started, you can reach out to our law firm, or stop by our official on Main Street in Tuckerton. We'd be more than happy to sit down with you and discuss.