Studies have shown that a whopping 3/4s of the population in the UK either don’t have a will, or haven’t updated it to include their most recent circumstances, life changes and wishes. While most hate the thought of their worldly belongings and investments falling into the wrong hands – or perhaps more importantly, not going to the right hands – it seems that a significant portion of the population aren’t willing to do anything about it.
Many of those highlighted in recent studies have represented the younger population, too, who may mistakenly believe that thanks to their youth, they have no need to even think about a will, let alone hire a company that makes wills in Stockton to help them write one.
If you’re a younger person and haven’t yet made a will, there are a number of reasons why you should do so before you reach senior status, and here are just 4 of them:
Why younger people should make wills too
Sadly, we never know what may be around the corner for us at any stage of our lives, and even if you’re young and feel that you don’t have anything of significance to leave anyone were you to mynoteworld pass away, it still pays to have a will written up with the help of a professional.
1. A will ensures the right people get the right things
Without a will and someone to execute it on your behalf, whatever you own will simply be distributed without your approval. Whether you’ve got items of monetary or sentimental value that you wish to hand down to others, or have a cause that you support and would like to donate money or items too upon your death, the only way to be certain that this happens, is by writing it down in a will.
2. A will helps to protect your family
Whatever money you may have in the bank at the time sabwishes of your death, could be allocated to whoever you want, and could enable your family to cover the cost of your funeral expenses. If you have any insurance policies, you can allocate where the money from these should go, too. Without such instructions in your will, your assets of value could be inaccessible to your family members, and then, a decision may have to be made to go to probate; a process which could take many months.
3. A will helps others access your email account
From passwords and important account information, access to equalaffection your emails will need to be granted to someone you trust, in order for them to access important details related to you and your finances. Failure to make a will specifying who should have access to your email account and the login details, means these details may never be recovered.
4. A will protects your partner
Finally, making a will can help ensure that any property or other similar assets belonging to you, goes to your partner in the event of your death. While many assume that such assets automatically go to a partner when someone dies, this is in fact only the case if they’re celebshaunt married. Surviving partners could find themselves in financial distress if your assets are passed on to your parents or siblings, in the absence of a will specifying anything else.
Wills should never be an afterthought, no matter how uncomfortable discussing what happens after we die may make us feel, and if you haven’t had yours professionally written yet, there’s no better time than now.
