Illinois residents like you may be wondering when it’s the right time to start working on your will. We at Veritas Law Group will take a look into that matter today.
There is no right or wrong time for you to make your will. However, generally speaking, it is better to get an earlier start rather than continuing to wait for the “right” time to come. Unfortunately, no one knows when disaster may strike. By accepting the logical fallacy that nothing happens to younger individuals just because of their age, you also risk putting your loved ones through the stress of handling probate and dealing with your estate matters without any input from you.
This can be particularly problematic as you grow older and accumulate more wealth and property. It’s important for you to be able to dictate exactly how your assets are divided and where they will go to. In cases where these distinctions aren’t made, in-fighting among family members for your assets may be possible.
Additionally, the process of probate can take years to get through. Family members who aren’t expecting to take on this burden can be saddled with it anyway if you pass on suddenly without leaving behind any sort of will.
As you can see, there are many reasons as to why you should look into making your will sooner rather than later. If you want to learn more about your options or how to get started, consider taking a look at our web page on estate planning, linked here.