what age do you think you ought to write a will?

Answer 1

when either you :
a. become a parent
b. have something that you want to go to a specific person
c. have something of value to pass on
d. plan on killing yourself.

I know the last one sounds a little off but i had a family member kill himself and his house and everything in it is now being controlled by a co-worker who will someday burn in the fiery depths of hell.

Answer 2

Any time you want to. Essentially from about the age of 11yrs, when the law says you are capable of 'knowing your own mind'. ...
If you want to leave something to someone special
if you have family you want to look after
if you want to make sure the tax man does not benefit from your property... 'cos he will if you don't make a will! .....
Don't 'assume' whomever will automatically get what you want them to have - put it in writing:
Just for your interest, a brief outline on the rules of who inherits from whom:
Siblings (brothers/sisters) do not automatically benefit from another sibling - their share goes back to the parent(s) (biological or adopted)unless there is a will or family by marriage....
Parents automatically benefit from their children unless there is a marriage or a will.
Husbands do not automatically benefit from a wife .....
But wives automatically benefit from a husband (!)
Children (generally) automatically benefit from their Parents
Parents' brothers/sisters don't automatically unless there is a will (or some other agreement acknowledged and/or mentioned in the will) ....
.....There are a lot of other vagaries and situations that could turn the above upside down ....
There is also a thing known as 'the seven-year rule' - which means anything that could be taxable (money, property, shares, investments etc) could still be taxed depending on how long up to the 7years the will was made - once over the 7-year threshold it no longer becomes taxable. This also applies to taxable things left in trust (money and property usually).
My advice - even a home made will can be regarded as a legal document if it can be proved. However the best advice is to seek proper legal advice if you want to save further heartache at a later date.
Remember - the more you have the more you should want to protect it: 'Where there's a Will ..... There's relatives!'
Hope the above helps!

Answer 3

It's not a question of age but of ownership of things you would like to pass on in the case of your death. Therefore, as soon as you own something of either sentimental or financial value you should start thinking about destiny.

Answer 4

Aged 18 as soon as you become a legal entity.

Before that you dont have the absolute say in your life after that you do.

Simple answer but true.

Answer 5

Howabout 30? However 'age' not being that important for a time frame, but as soon as you own property and/or have a child.

Answer 6

you should write a will as so you have children own a house,companies,lands and when you have enough in your account.i think that is the best time for you to write a will.by then you will be at least 50years.

Answer 7

As soon as you start working, or if you are a permanent full time student as soon as you turn 18. You never know when your time is up.

Answer 8

Nothing to do with age, as soon as you have kids, who'd look after them etc. As soon as you have anything worth giving to your loved ones.

Answer 9

i think at age 18 or if you have been working since you where a teen and you have aquired money and material possesions that you want to make sure that a specific person gets your possesions ( or money )

Answer 10

As soon as you have any assets which are worth anything like a car, house, savings, etc