If you are 23 years old should you have a will?

Question

If you die young does your parents automatically get your assets or what happens to them?

Can you make a legal will on your home computer and just have someone sign as a witness or do you need a lawyer.

Answer 1

1) You don't need a lawyer. The will does need more than one witness, usually two, better to have three. It must clearly state it is your last will and testament and that it revokes any prior wills. It should be dated and witnessed.

2) You can use a computer form very easily to accomplish a simple will.

3) Whether you need a will at 23 depends on whether you have any property (that means more than real estate, it means cash in the bank and all the things you possess and own) to leave--only you know that.

4) Remember insurance usually has a beneficiary, so your will does not affect who gets the proceeds of your insurance. Further, if you have a retirement fund, you name a beneficiary and your will does not effect that either.

Wills themselves don't have to have the signature notarized, no need for a notary unless you are creating a self-proving will and then its the witnesses' signatures that have to be notarized.

--Lawyer here.

Answer 2

I believe a will is a legal binding document that delegates how you assets should be passed on or paid off or whatever the case cal;s for in which case if you don't have one I believe your parent's has the power or attorney which allows them to make the decisions on your behalf. If you do have assets it's a good idea to make one detailing it even down to how you would like your services to be rendered and body preparations. Just imagine this if anything happened today or tomorrow would you be a financial burden or would everything fall into place. Well good luck and a will and life insurance is always a good thing to have at any age!

Answer 3

1. Yes you need a will.

2. Depending on what state you are a residence of, may determine some legal conditions.

3. Again, in some states you can have a will made and signed by 2 witnesses; some states it has to be notarized, or signed by an attorney. In Louisiana, the will must be hand written.

4. Hint: Type in "Will and Testament" in your search window, and you will get some good references.

Answer 4

It depends. Age isn't the factor. It's how much your estate is worth. Do you own property, investments, cash etc. If you have more than $600,000 then you probably do need a will so that you can distribute your estate to those you want to receive it. If you die and you have no will, it doesn't go to your parents, or anyone else. It goes to probate court and while your estate probably would be given to your parents, it could be in probate for years before they get it.

Answer 5

Yea, sure, why not. You may always have a will, if that's what you want. Its like keeping a diary, you may if you wish. But, if I were you at 23, I would not be so pre-occupied with a will, in the event that I die. I'd be occupied with planning my future life. Think about living, not so much dying. Someone else could sort out your things for you in the off-chance you should die.

I'm 60 and I don't think about a will. Heck, let them fight over my stuff. LOL

Answer 6

Well hear in RSA, the state gets your stuff if you don't have a will and yes you must have a will, your not child anymore. Most of the time you must do it through a lawyer, but I don't know how it works there.

Answer 7

Go to Office Depot or Staples...get a form. Fill out all that applys w/o signing. Go to a facility where there is a notary...bring a witness.

Answer 8

If you have Assets,Savings,Bonds,Inheritance-Then yes!
On Your Death(Lord Forbid!!)-ALL will pass to Your next Of Kin!
Sense at an Early Age!!
You'll Go far!!!

Answer 9

I have one, but i am in the Military so I kind of need it. A legal will needs to be notarized to hold any legal ground.

Answer 10

You don't need a lawyer but you do need to tell people where to find it.

ANd yes you should have a will.