facebookAt what age should you write a will? - Seedly

Anonymous

04 Dec 2019

SeedlyAMA

At what age should you write a will?

Do you think its important to have a will prepared, no matter how young you are?

Discussion (14)

What are your thoughts?

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As early as you can.

The only thing holding you back is procrastination.​​​

Hi Anon,

If you have dependants like kids or aged parents, a will lets you distribute your assets to them according to your wishes. The good thing is that wills also legally protect your family. For instance, if you have young children, a will can appoint a guardian for them if their parents should pass away.

So I think it's important to have a will prepared (after 21) as it protect your family from conflict and in-fighting over how to split your assets.

When I feel my assets are getting sizeable and by not crafting an effective last will, family members might fight over the estate. It is loving to them that I should state in my will clearly.

I would recommend to write a will when you have smth in huge amt of cash that doesnt have nomination in place Eg. A house, bank account. If you get insurance, you can simply do a nomination. Do your nomination for cpf too!

If you are at least 21 years of age, you can do up a simple Will so that the probate process will be...

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