Tuesday, 16 June 2015

I just turned 25. Can I write a Will?

You just celebrated your 25th birthday and you feel great. You are young and you have your whole life ahead of you – the world is your oyster!

Glenn Duker
But what happens in the event of an untimely death? What will happen to your assets and property when you are no longer here? Lawyers and solicitor, Glenn Duker, says it doesn’t hurt to write your will now. After all, life is full of the unexpected – it is always best to be prepared.

A will allows you to control how your property and belongings are divided after your death. You can be sure that your family is looked after and that your legacy is preserved. With this document, you can appoint your estate’s administrator and indicate who you wish to care for your children, if you have them.

If you die without a will, the government retains the right to distribute your estate according to a legal formula. The process of settling an estate can be long and complicated, often resulting in disputes between family members. Therefore, a clear and up-to-date will ensure that your assets end up with the people you choose to give it to, and that difficult time for your family can be made much easier.

What are the legal requirements for a Will?

The legal requirements for a will differ from state to state. However there exist three main requirements:
  1. You must be over 18 years of age and of sound mind
  2. Your wishes must be clearly indicated in writing
  3. Two witnesses must be present when you sign the Will
While it may be unusual to prepare a will at 25 years of age, it pays to be well prepared especially if you have property or a family.

If you’re looking to draft your Will, contact a professional such as lawyer Glenn Duker today. He will ensure your Will complies with the local state law and provide trusted legal advice.

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