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Reasons why younger people should have a will

On Behalf of | Jan 3, 2023 | Estate Planning |

A will is a legal document that directs loved ones on how to handle finances, property and any minor children in the event that a person passes away. This document is important because it ensures that the deceased will have their wishes carried out. However, many younger people believe that it is not necessary for them to have a will at all.

Here are some reasons why younger people in New York should have a will.

In case of an accident

Many people want to avoid thinking about death, especially their own. However, accidents and illnesses can happen to anyone, at any age. This is an important reason why people in all stages of life should think about having a will to carry out their final decisions.

For children

Wills generally dictate who should have custody of minor children should one or both parents pass away. This helps to ensure some stability in the children’s lives during this devastating and tumultuous time. However, even adult children benefit from their guardians having a will regardless of their age. A will helps to reduce the chances that siblings will fight about who gets what as far as money and property.

For pets’ best interest

Many people consider their pets to be members of their family. When someone has a will, they can stipulate who they wish to provide care for their cats, dogs or other animals.

There are many good reasons to draft a will, and several of those reasons apply to both younger and older people.