Too young to think about Estate Planning? We think not!

3 Oct

You’re in your 20s or 30s and writing a Will probably isn’t at the top of your priority list. It’s easy to assume Wills are only for older people with a mortgage and kids. The reality is, having a Will is less about wealth and more about having control of where your hard-earned assets go.

If the unexpected occurs and you don’t have a Will in place, what happens to:

Your superannuation and life insurance,
Your bank accounts and personal savings,
Your digital assets (e.g. social media, websites, crypto),
Your personal belongings — like your car or vinyl collection,
Funeral wishes and organ donation preferences

These may seem insignificant now but it can become pretty complicated if there’s no Will.

What If You Don’t Have a Will?

Without a Will, Victoria’s intestacy laws decide who gets what. This means:

You don’t choose who inherits your assets.
Friends, unmarried partners or chosen family may be excluded.
Distant relatives who you don’t speak to may become default beneficiaries.
Your estate could even pass to the state government if no relatives are eligible.

You Work Hard So Protect Yourself

The good news? Making a Will is simple, affordable and one of the smartest things you can do for your future — no matter your age.

You don’t need to wait until you own a house or start a family to take this step. A Will is one of the smartest ways to take control of your future.

Why work so hard if your assets don’t end up where you want them to go. Book your FREE CHAT via this link.