A Simple Guide to Writing a Will (Even If You’re Young)

Why Writing a Will Matters (Even If You're Young)

Think you're too young to need a will? Think again. Life is unpredictable, and a will isn’t just for older adults or the wealthy. It’s a simple legal document that ensures your wishes are followed, whether you’re 25 or 65. Here’s why it matters:

• Protect your assets: Decide who gets your car, savings, or even your prized vinyl collection.
• Guardianship for kids/pets: Name who’d care for your dependents if you’re gone.
• Avoid family disputes—without clear instructions, conflicts can arise.
• Speed up legal processes: A will helps your loved ones avoid lengthy court procedures.

Myth Buster: "I Don’t Own Enough to Need a Will"

Even if you only own a smartphone and a bank account, a will prevents state laws (called "intestacy laws") from deciding where your things go. For example, if you’re unmarried, your parents might inherit everything by default—even if you’d rather leave items to a sibling or friend.

Step 1: Take Inventory of What You Own

Start by listing your assets. These might include:

• Physical items: Jewelry, electronics, furniture.
• Financial accounts: Savings, investments, crypto wallets.
• Digital assets: Social media accounts, domain names.
• Sentimental items: Letters, photos, heirlooms.

Example: Sarah, 28, listed her car, $15,000 in savings, and her grandmother’s ring. She used her will to leave the ring to her sister and split her savings between her parents and a charity.

Step 2: Choose Your Beneficiaries

Beneficiaries are the people or organizations you want to inherit your assets. Be specific to avoid confusion:

• Full names (e.g., "Jennifer Martinez, my sister").
• Backup beneficiaries (in case your first choice can’t inherit).

Tip: If you’re leaving something to a minor, name a trusted adult to manage it until they’re older.

Step 3: Pick an Executor

An executor is the person who carries out the instructions in your will. They’ll:

• File paperwork in court.
• Pay off debts (if any).
• Distribute assets to beneficiaries.

Choose someone responsible, like a sibling or close friend. Ask them first—it’s a big responsibility!

Step 4: Write the Will

You have three options to create a legally valid will:

Option 1: DIY with Online Tools

Services like FreeWill or LegalZoom offer templates for simple wills. Cost: $0–$150.

Best for: Young adults with straightforward wishes.

Option 2: Hire a Lawyer

A lawyer ensures your will complies with state laws, especially if you:

• Own a business.
• Have complex family dynamics (e.g., stepchildren).
• Want to set up trusts.

Cost: $300–$1,200.

Option 3: Handwritten (Holographic) Will

Some states accept handwritten wills if they’re signed and dated. Caution: These are easily contested in court.

Step 5: Sign It Correctly

A will isn’t valid unless signed properly. Most states require:

• Your signature.
• Two adult witnesses (who aren’t beneficiaries).
• A notarized "self-proving affidavit" (optional but helpful).

Step 6: Store It Safely

Keep the original copy in a fireproof safe or with your lawyer. Tell your executor where it is! Avoid safe deposit boxes—they’re often sealed after death.

Common Mistakes to Avoid

• Forgetting digital assets: Share passwords (via a secure service like LastPass).
• Not updating it: Review your will every 3–5 years or after major life changes.
• Being vague: "My favorite cousin" could cause disputes—use full names.

Final Thoughts

Writing a will might feel morbid, but it’s one of the most caring things you can do. It takes just a few hours and spares your loved ones stress during an already difficult time. Start today—your future self (and family) will thank you.