No one likes to think about their own mortality, and young people are especially prone to thinking they’ll always have more time. Unfortunately, life is unpredictable, so everyone should take the time to write a will and make provisions in case of an accident or debilitating illness. Below are some of the most important reasons to begin estate planning sooner rather than later.

Why You Should Begin Estate Planning Now

1. Control Who Gets Your Belongings

Even if you haven’t yet accumulated significant assets, you likely have items of sentimental value and other belongings you would like to leave to specific people. Writing a will is the only way to ensure that your wishes are respected after you’re gone. Without it, your estate will be divided according to your state laws, meaning your most treasured items may go to relatives you barely know.

2. Name a Guardian for Your Children

Every parent wants to be sure their children are cared for if something happens to them. In addition to leaving instructions regarding your belongings, your will is also an opportunity to nominate a guardian to care for your children if both parents pass away. Otherwise, the court will likely choose a close blood relative, which may not correspond to your wishes.

3. Control Your Medical Decisions

A living will is a crucial element of a comprehensive estate plan, giving you control over your health care if you’re ever unable to communicate. These documents allow you to consent or decline certain medical procedures, express your thoughts on end-of-life-care, and describe acceptable medical outcomes. For instance, if you have opinions regarding treatments such as feeding tubes, dialysis, or resuscitation, you should outline them in your will.

With more than 80 years of combined legal experience, the team at Wood & Rabil, LLP Attorneys at Law has built a reputation throughout the Winston-Salem, NC, area for quality representation and personalized, sound legal advice. They know how difficult estate planning can be, so they’ll take the time to walk you through every step of the process. Call (336) 722-5700 to speak to a member of the team and start planning your will today.