A will is a legal document that provides instructions on what to do after your death. More specifically, wills deal with things like the distribution of assets and who to have custody of your children. This document makes it easier on grieving family members, as it releases them from some of the difficult decision-making that arises when someone passes away.
Wills are documents that are often associated with older adults. But how soon is too soon to write a will in Virginia?
The short answer is that it is never too soon for a legal adult to write a will, as accidents and illnesses can happen to anyone at any age. However, the urgency of having a will increases with the number of assets or number of businesses that you own and whether or not you have children. If you do not have a will when you pass away, the decision of how to distribute assets often falls into the hands of state officials. These employees might not be able to carry out your wishes as well as a designated executor.
Benefits of drafting a will early
There are many benefits to having a will at a younger age, including peace of mind. You can always update a will, so nothing that you write when younger is set in stone. This is a case of it being better to do something early rather than late.
Establishing a will when you are young carries many benefits that bring you and your loved ones peace of mind. It is wise not to delay this process.