Somebody told me that everybody needs a will. I am a 25 year old single female with no dependents. I also live in an apartment. It is still a good idea to have a will?
2007-02-02 11:04:54 · 11 answers · asked by hubasket 3 in Business & Finance ➔ Personal Finance
YES!!
If something were to happen, it lays out all of your wishes/requests and who all your stuff goes to. It may not be alot, but I'm guessing if your closet is anything like mine, you have spent a pretty penny on most of the stuff in there, and that is worth something!
2007-02-02 11:08:24 · answer #1 · answered by BMW BFD 5 · 1⤊ 1⤋
You absolutely do not need a will or anything of the sort at this point in your life. It sounds like you have no significant assets, if you do participate in a 401(k) or similar plan, you likely already have someone designated as a beneficiary.
If you were to pass away, which is highly unlikely anytime in the near future at age 25, any non-beneficiary assets would be probated, if they were significant enough to justify it, regardless of whether you had a will or not, and your family would receive any assets once they are through probate.
2007-02-02 20:32:53 · answer #2 · answered by Josh 3 · 0⤊ 0⤋
Consider it this way. Do you have anything that you would want a friend or sibling to have? Then you need to state that. Otherwise all goes to your parents. They may not know your wishes. Just type something up and have a couple of friends witness it. You don't need to do more than that.
best of luck,
2007-02-02 19:08:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, because it spares your heirs the hassle of going to court to clear up your estate. Do you have brothers, sisters, cousins, other relatives that might have even the slightest interest in your stuff? It's crazy how people get when someone dies - clambering for anything they think has value. With a will, you direct who gets what.
2007-02-03 09:33:18 · answer #4 · answered by homeschoolmom 5 · 0⤊ 1⤋
Geez, it wont go to the state, dont listen to whomever said that. It will go to the state if you have no decendants, ancestors or relatives equal to your first cousin once removed, or closer.
If there is nobody like that, then it would escheat to the state.
Write a will if you want to control who gets it.
I dont hve a will as I would have everything go to my mom and without a will, thatis who it would go to anyways.
2007-02-02 19:11:38 · answer #5 · answered by Peaches 4 · 0⤊ 1⤋
Only if You don't want whatever You have going to the Sate after You pass.
2007-02-02 19:08:08 · answer #6 · answered by M L 5 · 0⤊ 2⤋
You really should have a will, especially if you have any assets, otherwise your family will be left with nothing.
2007-02-02 19:45:10 · answer #7 · answered by Jen G 5 · 1⤊ 1⤋
If you want to have any say at all about where your possessions and money goes, then yes.
2007-02-02 19:08:07 · answer #8 · answered by Jess H 7 · 1⤊ 1⤋
If you have siblings,you could leave it to them,or the state will get it.
2007-02-02 19:12:17 · answer #9 · answered by Anonymous · 0⤊ 1⤋
yes,or the government will take your assets
2007-02-02 19:10:34 · answer #10 · answered by ken 4 · 1⤊ 1⤋