Age is not an excuse
Nearly everyone under the age of 30 (92%), said they didn’t have a Will at all, a recent survey undertaken by The Law Society revealed.
But people in their 20s and 30s go through plenty of life changes that make it important to have a Will – they may buy a house, get married, have children, get divorced, inherit wealth or suffer through a life-changing medical condition.
Think about who you would leave your assets to if you were to pass away, such as friends, family or charitable causes.
Someone’s got to look out for your children
Don’t just assume your parents or other relatives will step in to take care of your little ones after you pass away. If you want a specific family member or friend to take care of your children, but that person is not your next of kin, you’ll need to stipulate them in your Will.
You don’t want the Government to get it
It is always best to set out clearly whom you want to receive your assets. If you don’t, then you are leaving it up to the law and your estate may pass to persons you have either never met or you would never wish to inherit (or ultimately it will go to the Treasury).
If you’re separated, but still legally married or in a civil partnership, your ex could get everything – even if you split up with them years ago.
Partners, step-children, friends or charities will receive nothing without a Will. So, if you’d rather leave your property or assets to someone outside of your immediate family or a non-blood relative you should write a Will.