I Made My Will by the Age of 30

Living in the busy streets of life is full of uncertainties about how the next day will come to be like. It is for this reason that I believe Benjamin Franklin was right when he said that only death and predetermined taxes are guaranteed in this world. Everything else around us is subject to change, a reality that pushed me in writing my will at a mere age of 30.

My decision was provoked by the fact that my work involved frequent flight travels boarding the plane at six times within a month. Whereas I am very optimistic about life, I am skeptical about traveling in the air, and I only feel safe when the plane eventually lands.

Some ugly scenarios I have witnessed are when siblings turn on each other due to interest on estates left behind by parents who did not write a will. Sometimes the will could be there, but a single item not mentioned in the will could stir things up in the house. Ironically, some people who fought for the property that did not have a will do not have their will ready to date. I want to strategize my life such that in case I pass on, my kids will be covered, and they will have a specific guardian to look after them and not settle in any home.

At my age, my assets are limited, for which reason I consider a basic will as sufficient generated through an online template. It is pretty easy to work out on a personal will if the estate owned is simple. If you won a house and a few stocks, it is advisable to keep the cost low and download the template online and probably paying a few dollars to have it notarized.  A lawyer may also contribute in cases where you may wish to set up such clarities like trust.

It is crucial to have a well-outlined list of beneficiaries and an executor who will see into it that your wish is executed to the latter. The executor could be a lawyer or a trustworthy person who can keep to the words.

It is also crucial to designate people that you do not want to be part of your share if there are any, especially if it concerns your medical care or funeral issues, and have the document signed by witnesses and placed in a safe place.

I considered putting my safe at my mum’s place, where I believe all my crucial paperwork is safe. I have attached all the details in regards to my bank accounts, my property and all the assets that I own in line with their current value. I have also included any other crucial information like contact details. In case my mom passes on before I do, I will consider another place where I will safeguard my documents.

Upon sharing my idea of writing a will with my mum, she laughed at the decision. It is worrying that my grandparents, who are still alive, have not yet written one. Whereas death is perceived as a taboo, it is a fact that we cannot shy away from. The quarrels that hit my grandmother’s household when her parents passed on, a scenario that created a lot of unnecessary tension.

Precisely, the CNN disclosure that a whopping $58 billion of unclaimed benefits and cash due to lack of supporting will information. Safe your children a lifetime hustle and write a simple will that will help them claim your fortune in the dark days.

Half of Adults Dont Have a Will

End of life planning is not fun. The topic has been viewed scaring for the last couple of years. It is not only depressing but also morose. Business experts have claimed that this topic is a critical aspect of managing assets. Do you know that it is a reliable way to protect your family? That is the main reason why 60% of Americans are unprepared for the unavoidable situation.

Previous reliable researches have proved that about 50% of American adults have estate planning documents such as will and trusts. When it comes to parents with kids below 18 years, the figure is even lower. From my observations, there is no doubt that Americans avoid setting up a will simply because they don’t want to think about their death. When you have a will, you will have taken care of your loved ones financially. They will never face emotional stress associated with being broke.

Only 53% of the survey respondents have gotten the will around. The figure is not a big surprise to experts. End life of life planning is just mere procrastination. This means that many people don’t take it seriously. You can agree with me that no one thinks they will live forever. Some of us still think that we are going to live till our 90s. In fact, that is the reason why we don’t think that we need a will right now.

It is good to know that this is not the real case. Everyone has an expiration date. Also, we are not sure exactly when it will be. With that in mind, the best thing you can do for your loved ones is to have will now. You will never regret having that will.

Many people believe that older Americans have the greatest estate plans. Most of the older generations have a will or living trust. However, the number of people with wills declines with age. What is the main problem behind this? Younger people are not concerned about their mortality.

They don’t think that a will is relevant until they are in their late 80s. From many people attestations, they don’t think that something bad will ever happen to them. In case it happens to them, their lovely parents might step in for help. In such situations, parents are termed as the greatest burden that hinders young people from thinking about the future.

You might be aware that wills are mostly associated with the passing of a grandparent. When you were 18 years, you used to think about the whole life in front of you. What would happen if you died today? Planning for a tragedy is not an admirable process. You will be required to answer some of the toughest questions when making a will. Why do younger Americans fail to write wills and trust? They have fewer assets when compared to their older counterparts.