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5 reasons why young people need wills

01 December 2023

Guide Wills

Your will is your voice after you’re gone. And yet a lot of young people think that they don’t need a legally valid will in place. If you’ve decided to finally get it this task ticked off, you’re in the right place. A well written and up to date will is essential because it is the best way to ensure that your assets go where you intend them to after you pass away. It will help you ensure that you provide for the right people in your life and that you have left clear instructions for your wishes in how your assets are distributed.rnrnu0026nbsp;rnrnMaking your will yourself is possible, but without guidance, it can feel like a daunting task. This article provides you with important tips that should help you make the process easy and ensure you consider everything you need to.

Don’t leave anything to chance

Remember when your parents used to say that you were growing up too fast? And you thought, it’s not fast enough!

The thing about growing up is that before you know it, you get swamped with mortgages, insurances, paying taxes, superannuation and wedding planning.

At State Trustees, we’ve made it easy to take care of one of the most important things you’ll ever have: your legacy.

What’s your legacy?

In simple terms it is the story of your life and the lasting impression you might leave. Writing a will is your final message and allows you to have a say in how your affairs are managed when the time comes. It’s not always about the money and you might not want to think about it right now, but it’s part of getting older and worth sorting out. Eventually, you’ll be glad you did.

Here are 5 reasons to get a will today:

1. You are travelling

It is a sad truth that each year almost 1000 Australians die whilst travelling overseas*, usually through an accident or from illness. Don’t become a statistic, get things sorted by writing a will and preparing your powers of attorney as part of your travel preparations.

2. You are a member of the military

Military service can be high risk especially during active service. Anyone of entering the military should make a will and prepare powers of attorney documents.

3. You have an inheritance

If you have just received an inheritance, then you should have a will that details how to deal with the inheritance after your death.

4. You own an animal

It is not uncommon for people to include plans for their pets in their wills.  If the unthinkable were to happen and you died unexpectedly, what would happen to your beloved pet?

5. You are active on social media

Without instructions from you in your will, your family and/or friends won’t know what to do with any photos or documents stored on your social media account or how to manage your social media account in the event of your death.

You don’t want to be a statistic, right? Making a will is something everyone over 18 should do but many people don’t get around to it. Most Australians under 50 don’t have a will. Buck the trend, write a will and update it whenever you experience a major life change like starting a family, buying a home or getting married.

Call us today on 1300 138 672 for a confidential, obligation-free discussion about your circumstances. In addition to our will writing services, you can complete your  Online Will in as little as 30 minutes.

Online Will

Just $69 and takes 30 minutes

Useful resources

Guide

Will writing guide

Read more
Checklist

Executor checklist

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Guide

8 reasons to update your will

Read more

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State Trustees Limited operates on the lands of Traditional Custodians. We acknowledge their history, culture and Elders past, present and emerging. State Trustees is committed to cultivating inclusive environments for staff and clients. We celebrate and value people of all backgrounds, genders, sexualities, cultures and abilities.

Original artwork ‘Four Sisters Coming Together’ by Melissa Bell 2023