No one ever likes to think about their own death, but that’s the inevitable truth. At some point, we all must deal with the fact that we are going to die. For some of us, the idea of writing a Will is easier said than done. We do not want to admit that we are sick or perhaps because of a certain person; we do not want them to have access to our assets. Maybe thinking about your death makes you uncomfortable, and you would rather not address the subject.
However, the fact remains that having a will is a necessity. Even if you are young, it is much better to get this task done and over with before you reach retirement age. This blog post will shed light on why it may be a better idea to have a will written sooner rather than later.
Good Reasons Why You Need a Will Even If You Are Young
1 – Death Ignores Age
It may seem as if death is more likely to strike the elderly, and you would be correct in that assumption. However, death is indiscriminate, and it can come at any time. The majority of people do not ever expect to get hit by a bus, but it can happen.
Even if you are young and your health is fine, you still should have a will drafted. This will keep your family from having to deal with the court system, and your assets will be distributed in an orderly fashion as best as possible. On your death, the last thing your family will want to do is to go through all of your records and paperwork to see what you owned and what you owned them.
2 – You’ll Have Peace of Mind
Having your assets left to the right people will give you peace of mind knowing that everything is in order. Knowing that your family will be provided for after your passing can relieve a lot of stress. You can also be sure that your wishes are taken into consideration.
3 – Avoid Probate
There is a good chance that if you have a large estate, then you will go through probate. It is a very lengthy procedure, and it can take up to several months to complete. The process of probate can be costly, and it can be a hassle for your family members.
Without a will, your assets will be left to the state. This means that everything that you own will be placed in the hands of the attorney who will be in charge of the estate. If you are an owner of a small business or large corporation, you may have to deal with separate probate for that business.
4 – Avoid Conflicts
If you decide to make sure that your family is taken care of following your death, you can put those fears to rest since you will already have the procedures in place. This can prevent any possible conflicts in the future. Things may get heated during an argument regarding the division of an estate. Having a will already be written can make things a little easier on everyone.
Dealing with the notion of death is not easy. However, it is best to get your affairs in order so that your family will not be burdened with the responsibility.
If you do not know how to write a will, come to Ontario Wills. Get quality legal advice from Ontario lawyers today!