Think that you're too young to need a will? Most young people used to believe the same, but it's long past time to rethink that mindset. According to CNBC, during the COVID-19 pandemic, 32% of people aged between 18 and 34 created wills, but there are still a significant amount of people without one. Now's an ideal time to meet with your local will attorney to learn more about the steps you can take now to protect your estate. Here are a few reasons why having a will is a smart move no matter your age.

The Future Is Unknown

Even at a young age, it's impossible to know what the future holds. Passing away without a will in place can make things difficult for your survivors. Taking the time to work with a will attorney will lessen the impact that an unexpected death has on your loved ones. Even if you don't feel like you have a significant estate, it's still important to have your wishes recorded.

You Have Children

Anyone who has children should have a will in place. This is one of the first things to take care of once you become a parent. A parent's age has no real impact on the necessity of having a will. If you're the parent of a young child, you'll want to make sure that their needs are met in the event of your death. You'll want to name guardians and put financing in place to cover their care. Don't wait too long after becoming a parent to make sure that all of your affairs are in order.

A Will Provides Direction for Your Overall Financial Planning

One of the most common reasons that young people give for not having a will is that they don't have any substantial assets. While this may be the case, it doesn't mean that your future won't be different. Setting out a will and beginning estate planning is an effective way to begin your overall financial planning. Taking this step at a young age will help you to get off to a strong start and secure financial stability in your future. Don't let a lack of assets now affect your forward planning.

If you need a will attorney, we're the law firm to call. Our team at Clarkson & Associates, LLC will help you with all of your will and estate planning needs. Contact us today to schedule your consultation to begin the process.