Four Reasons Why Young People Should Have A Will
When you’re in your twenties and thirties, it can be easy to believe that everything is okay and you’re going to live a long and healthy life. While it may feel morbid to discuss the “what ifs” of life and what might happen if you suddenly were to die, it’s important to think about these things. In this blog, we’re going to discuss four reasons why a young person needs to consider writing a will. If you’re in Arizona and need a lawyer to assist you with your will, contact The Golden Rule Law Group® today. With more than 60 years of combined experience, we’re here to assist with your legal needs!
1. You Have or Will Have Children
A baby changes everything, and if you’re planning to have children in the near future or you have a child, it’s essential to have a will in place in case something happens to you or your spouse. You can designate a guardian to take care of your minor children or dependents if something happens to you and your spouse. You can specify what type of care you would like and be as detailed as you want. While it can be scary to think about someone other than you taking care of your baby, it’s much better for you to take action and provide instructions rather than leave this up to the Court to decide for you.
2. You’re in a Relationship
Whether you’re dating someone seriously, living with a partner and have no plans to get married, or planning to get married, it’s important to have a will in place in case you pass away unexpectedly. It’s a heartbreaking thought, but this is especially crucial if you both combine bank accounts, purchase a house together, have both of your names on your cars, etc. Dying without a will is especially problematic for unmarried couples with children who live together and combine assets. If you have a valid will and pass away unexpectedly, your loved ones will be able to look to your will for guidance in administering your affairs.
3. You Have More Stuff Than You Think
You may think that you don’t have many valuable things, but that’s often not true. Do you have a car, a home with a mortgage, electronics, or items that have sentimental value? If an accident were to happen, it’s best to have a will in place. It may be a difficult task to face, but your loved ones will appreciate it. Don’t forget that you can include important passwords, information about your bank account or credit cards, and if there is anything that needs to be taken care of in case of your sudden death.
4. You Have Online Assets
One of the easiest ways for your loved ones to find out what bills you pay, what investments you have, and what online subscriptions or accounts you hold is through your email accounts. Without your express authorization, no one will be able to access that information.
No one wants to think about unexpectedly dying, especially if you’re young and have a full life ahead, but being prepared for the worst is one of the best things you can do for your family. Making these decisions ahead of time will avoid complications in the grieving process for your loved ones.