When are you too young to actually create a Last Will and Testament

It is very common for individuals to ask when is it too early to have your Last Will and Testament prepared. The answer to this question is that in fact it is never too early to have it prepared. However, it is generally recommended that you should prepare your Will when you begin to accumulate assets. The reason for this is because the general purpose of a Will is to designate beneficiaries to the assets of your estate. By designating the beneficiaries as well and detailing exactly who is to receive what you are essentially helping to avoid a lot of legal cost and expense that typically occurs in instances when there is no Will at all. Statistically the time when most individuals begin to accumulate assets is when they actually finish their education and begin to work and thus earn money. However, this in no way deters anyone from creating the legal document even earlier than that. For example, if you are an eighteen year old and have inherited quite a deal of inheritance then you may also want to plan accordingly and utilize a Will in order to show you intent in regards to who is to receive your assets. The main reason why this is all done is to avoid probate court. Probate court is where all of the cases that deal with Wills, trusts, and estates are adjudicated in order to determine the actual intent of the testator. However, the problem is that during this period your beneficiaries will incur high legal cost and expense in order to prove that they are entitled to the assets. This all can be very easily avoided had a Will been created that laid out the exact intention of the parties. In sum, there is really no age that is considered to young to create a Will. However, as a general rule it’s a good idea to begin when you start accumulating assets.