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Powerful reasons why you must write a will in your 20s and 30s

26th November 2021

While you may feel it’s far too soon in life to worry about writing a will, the sad fact is we never know what tomorrow holds. While it’s not a palatable thought, ensuring you have a will in place could help ensure your money goes to the person you want it to.

If you are in your 20s and 30s, you could have a young family who may need your wealth to maintain their lifestyle. Without a will, the decision on who gets what could be decided by rules set out by the government, which might mean the very people you would want to receive your estate don’t.

To provide a different perspective, Ellen Eley, Chartered Legal Executive at Greenwoods GRM solicitors, explains why it may never be too early to write a will, even when you still haven’t reached the age of 40.

Are you ever too young to have a will?

Making a will is often something people associate with later life. However, you are never too young to plan for your future.

Anyone aged 18 or over can, and should consider whether it would be beneficial to, make a will. Whether you are a newlywed or young couple, a new parent, a recipient of a gift or a business or homeowner, making a will should be at the forefront of your mind.

Unfortunately, accidents and unexpected illnesses do happen and making a will can provide you with peace of mind that your wishes will be handled accordingly. A common misconception of people in their 20s and 30s is that they do not think they have any assets to leave under the terms of their will.

If you’re one of them, you may not realise that a will can still be invaluable as it can include gifts of personal possessions, set out funeral wishes, and list who should benefit from any financial assets. It may be that on death, insurance policies pay out a sum of money to your estate and if you do not have a will in place the rules of intestacy will determine who gets it.

This may mean that some of your closest family and friends (including your partner if you’re unmarried) might be overlooked.

This is also a common stage in life for people to be starting a family and making a will that includes a guardianship clause to cover the possibility of you dying while your children are still minors is another key benefit.

Protect your digital assets

The online world of social media has become more prevalent in people’s day-to-day lives, and people should also make provision to protect their digital assets.

Digital assets include, but are not limited to, online bank accounts, photographs, email accounts, social media accounts and gaming or music accounts.

Photographs, in particular, can be irreplaceable and can bring comfort to grieving loved ones. It is pivotal that when writing a will consideration is given to your digital assets, including:

  • Are they of any value, whether financial or sentimental?
  • Who would legally be able to access them on your death?
  • Do you need to do anything in advance of your death? For example, appoint a digital legacy contact/executor.

We assist our clients with planning for their future and work with multiple generations within families. When passing assets to the next generation during lifetime, consideration should also be given to the recipients of the gifts.

Once an asset has been gifted it is not possible for the donor to retain control over it. We therefore encourage all recipients to also take the opportunity to ensure their affairs are in order and review their will or put one in place if they have not already done so.

If you would like advice on preparing a will, or you’d like to review your current arrangements, please contact Ellen Eley, Chartered Legal Executive at Greenwoods GRM, at or call +44 (0)1223 785288.

Please note

This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. This update relates to the prevailing circumstances at the date of its original publication and may not have been updated to reflect subsequent developments.

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