Should young adults below age 25 make a Will even if they have no personal assets?
Author: Apurva Tamhane Post Date: 11 Jul 2023 A will is a legal document that outlines your wishes for your assets after your death. It is important for everyone to have a will, regardless of their age or how much money they have. However, some people may wonder if it is really necessary for young adults to make a will, especially if they have no personal assets.
There are several reasons why young adults should still consider making a will, even if they have no personal assets. First, a will can help to designate a guardian for your children, if you have any. This is especially important if you are unmarried or if your partner does not have the same legal rights as you do. Second, a will can appoint an executor to manage your estate after your death. This can help to ensure that your wishes are carried out and that your assets are distributed in the way that you want. Third, a will can specify your funeral wishes. This can give you peace of mind knowing that your final arrangements will be taken care of.
Making a will is not as complicated as you might think. There are many online will-making services that can help you create a simple will for a relatively low cost. You can also hire a lawyer to help you create a more complex will.
If you are a young adult, I encourage you to consider making a will. It is a simple way to ensure that your wishes are carried out after your death.
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