Wills for Young People
If you’re young you probably haven’t even thought about a Will.
If something happens to you and you don’t have a Will, your assets will be distributed under State Law. This includes your Superannuation, household items and pets. Everything you own will be distributed according to State Law and this might not be as you would have wanted.
Having a Will means having a say about where your possessions go and to whom.
You can give things like surfboards, medals, memorabilia, cars, makeup, clothes and intellectual property. This can include anything you own and want to give to a friend, family member or charity.
You can also make sure your kids or pets have a happy home to go to as well.
Best of all a simple Will won’t break the bank, so get connected with our Team for more info…
Get our team to assess your needs and tailor a Will specifically for you
Sign and Witness the Will, you can do this from home
Secure and Store your Will !
WILLS FOR YOUNG PEOPLE | CASE STUDIES
Jimi had a big heart
And always donated part of his income to charity, it was important to him that if something went wrong the social enterprises he supported received part of his Estate. If he didn’t make a Will his stuff would just be distibuted according to State Law.
Jane loved adventure sports and
Took some big risks, she had strong views about where she wanted her valued items to go, so she made a simple Will just incase things went wrong.
Amy already had kids by the time she was 21
She inherited a house from her parents and wanted to make sure her kids were looked after if anything happened to her so she made a cost effective simple Will protecting her assets and her kids future.
Wills for Younger People FAQs
Why do young people need a Will ?
In Australia, young people aged 18 to 34 are the least likely to have a Will. Many believe they do not own anything worth including in a Will. Others believe that if they die, their parents will inherit all of their possessions.
This is not necessarily the case, as you may have more assets than you realise. Once you start working, you will accumulate even more through your super, as well as cars, computers, jewellery and other assets. There is also real estate, inheritances and debts such as student loans to consider.
If you die without a Will, your estate will be distributed according to a pre-determined formula. In addition to that, if your only living relatives are more distant than cousins, your estate will pass to the government
Big Life Events
If you are experiencing a life event such as marriage, a new baby, property purchase, loss of a loved one, relationship breakup, or any other number of other significant moments you should have an up to date Will so you can direct your assets according to your wishes as opposed to State Law.