A Will is a declaration made to dictate how a person’s wealth should be distributed after his/her death. While general trend is that only aged, terminally ill prepare Wills, it is high time even the young people have started thinking about creating a Will in favor of their families.

It is obvious that the elderly have to make their Will, they have lived, they have accumulated wealth and have a higher probability to meet their maker sooner than their younger counterparts. However, many people in their 30s and 40s are also making their Will these days. The world we live in today is not short of freak accidents and diseases are not partial to the elderly alone. Young people, especially young married people with toddlers and babies must without fail make a Will and prepare themselves for the worst.

Five Reasons Why Parents Should Make A Will

Here are few important reasons stating why young parents should make Wills:

1. In case of their unexpected demise, if there are no clear instructions on how the child should be provided for, they may end up on the streets with no food and shelter or even get abused.
2. There maybe long legal battles involving the children and property. Intestacy laws may step in and oversee the wealth distribution.
3. Parents can designate a trusted Guardian to their children in the Will.
4. There will be no clarity on how your liabilities and debts should be settled.
5. Directives on how your parents should be looked after in their old age will be unavailable in the absence of a Will.

Things Young Parents Should Include In Their Will

While most of the basics remain the same for both elderly and the young, there are some things those in their salad days should never omit in their testimony. They are-

• Instructions on how to handle your student loans (if any). People belonging to the said age group stand higher chances of being burdened with student loans.
• Clear instructions on how much of your wealth should go to your parents, spouse and children.
• Directives about geriatric care for your parents/ other elderly relatives dependent on you.
• Appointing someone as guardians to your young children to oversee their education and general welfare.

How To Make A Will?

If you do wish to make a Will, we recommend that you do it at the earliest. The conventional way to prepare a Will would be to approach a lawyer, present them with the full list of your assets and giving them instructions on which beneficiary would receive what.

The lawyer would then draft a Will in standard format and present it back to you so that you can sign this in the presence of a Witness, who is also expected to place their signature on the Will. Once this is done, the Will is considered legally binding. However, keep in mind that the slightest bit of ambiguity will render your Will invalid. Here are some things that could make your Will invalid.

DO NOT Make these mistakes:

• Handwritten content in a printed Will
• Different hand writings on the same Will or a change in color of ink
• Assigning full power of a certain property to more than one person
• Incomplete address/details about a beneficiary
• Confusing statements and general inconsistencies

Making A Will Online

Modern technology has redefined the meaning of an easy life. Today we can do almost everything online and that extends to making a Will too.

LegalDesk presents you with an attractive alternative. We have a host of lawyer verified, pre-drafted legal document templates and the Will is our star attraction among others, of course. You can customize our draft to create a personalized Will with as much or as little detail as you please. What’s more? You can opt to have it printed on Stamp paper and mailed to your address so the effective work you do is customizing it on our site and placing your signature on it when you receive it!