Many people advocate that you hire a probate attorney to write a will for you when you get married. And, if you haven't done so by the time you buy your first home or have a child, you need to get a will after these milestones. There's certainly a lot of merit to such ideas, but if you're a young person, you shouldn't feel as though you need to wait to get a will. The reality is that you might not get married for several years, and living without a will in the interim can be risky. One school of thought is to sit down with an attorney once you get started in the workforce. Here are some reasons to do so at this time.
You're Starting To Make Some Money
There's little value in having a will when you're a teenager or attending college. While accidents do occur, the likelihood of you passing away at either stage of your life is minimal — and, if you were to pass away, you wouldn't likely have much in the way of assets. By the time you join the workforce, you should be thinking about writing a will. By now, you're starting to make — and, hopefully, save — some money, and you want it to go to someone you care about in the event of your unexpected passing.
You'll Likely Have Some Material Assets
While it might be a while before you buy a home, you should be starting to amass some assets once you start full-time work. If you've bought a vehicle, it's an asset to keep in mind, and the contents of your apartment — clothing, jewelry, technical items, collectibles, and more — can all have value. In the next few years of working, your material assets may creep up significantly in their total value, so you'll want to have a plan for who in your life is entitled to what if you were to die.
You May Be Paying Into A Company Pension Plan
If you've managed to land a good job straight out of college, the benefits may be highly appealing. One particular benefit that may be relevant for you is a pension plan — which you're likely contributing to every paycheck. When you start to save in this manner, you need to have a beneficiary. After all, the money that you're putting aside every paycheck is yours and designed for you to eventually use. If you pass away and thus aren't able to use it, a will can ensure that it goes to someone in your life.
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