Young people always argue that they own no assets to write wills.
Wills usually states out who will get which assets upon a testator’s death.
Liberty Legal Marketing Specialist Faeeza Khan says that denial of mortality is one of the main reasons people neglect a will in financial planning. She adds that people normally don’t want to think about the time they will no longer be around.
Young people can have an estate plan which is important because whether single or married, one has belongings and assets which if wise, should be designated in advance.
Creating an estate plan gives young adults an important voice in the event they become incapacitated or passes on earlier than expected. READ MORE
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