28 January 2016
Am I Too Young To Write A Will?
Thinking about death, especially when old age seems so far away, is not something you probably do very often. But are you ever too young to write a will?
Simply put, no. You are never too young to write a will. As soon as you own anything you technically should write a will stating who should get that item when you die.
Slater and Gordon undertook some research into people’s attitudes to wills and inheritance and found that many people believe that they are just too young to write a will. The research showed that only 9 per cent of 16 to 25 year olds have a will. 45 per cent of the age group did say that they intended to but most answered that they felt they were too young to warrant having their wishes on paper.
The percentage of those with wills didn’t go up by much in the next age bracket. Only 14 per cent of 25 to 35 year olds have a will, with 43 per cent saying that they intended to, but didn’t feel they were old enough.
The thing about a will is that it doesn’t have to list property or money, but can reflect your wishes when it comes to personal items. So say you have an ornament, picture, collectable or precious bit of Star Wars memorabilia that you really want your best friend to have, you need to have it in writing, just in case the worst should happen.
Just because you’re no way near retirement age, and you’re not going grey around the edges, doesn’t mean that you don’t have something to put in a will. And not to be scary but you never know what might happen.
If you don’t write a will, the law will decide who inherits your possessions. This can come as a bit of a shock to a family especially as the law may not divide your possessions as you would have wished. It’s important to list anything you feel people would want, and what you want to happen to the rest if you don’t want it allocated to just one person.
Don’t forget that when something changes in your life it’s important to update your will. Say you meet someone and decide they’re the one, if you’re not married and you die, they won’t get anything. If you have children you will need to decide what they get, even if it’s just your signed football shirt. And if you change your mind about something, make sure you change the will because once you’re gone it’s a little hard to ask you what you actually want.
If you would like to write your will, and get professional advice, please get in touch with Slater and Gordon’s will writing solicitors Call us on freephone 0800 916 9055 or contact us online and we will call you.