The Inheritance of Time: When Is the Right Time to Write a Will?
Many people believe that writing a Will is something to think about later in life after retirement, after acquiring major assets, or after starting a family. But the truth is, the best time to write a Will is now.
A Will, as defined by law, is a written statement that outlines how a person wants their assets to be managed or distributed after their death. While it may seem like something only the wealthy or elderly need, a Will is important for every adult, no matter their age or status.
Whether you are 26, 36, or 66, life is unpredictable. As the saying goes, No condition is permanent. None of us can control time, but we can take steps to ensure that our wishes are respected, and our loved ones are protected, especially in our absence.
Creating a Will is not just about distributing property, it's an act of love, responsibility, and foresight. It brings clarity, reduces conflict, and gives your family peace of mind during what would already be a difficult time.
You might wonder, Should I tell anyone I’ve written a Will? While you are not required to share the details, it is helpful to let someone know that the Will exists and where it is kept. This small step can prevent confusion, avoid family disputes, and ensure that your wishes are honored.
It is also worth noting that your Will is not final. You can change or revoke it at any time during your lifetime as your circumstances or wishes evolve.
So, when is the right time to write a Will? Today.
Let us help you take that step with confidence. Reach out to us at trustees@vetiva.com for guidance on how to get started.
The 7th Estate Series is brought to you by Vetiva Trustees Limited, a member of the Vetiva Group.
