August: A Month to Reflect on the Importance of Wills

August is National Make-A-Will Month—a timely occasion to illuminate an often-overlooked yet critical topic. While many young adults might think wills are solely relevant for the elderly or wealthy, this is a misconception. Creating a will is a thoughtful decision, no matter your age or income level, underscoring preparedness and care for your loved ones.

Control Over Your Belongings

You get to decide what happens to your assets. Even if you don't own a house or have major investments, a will ensures that your belongings—such as your car, bank accounts, digital assets, or even pets—are distributed according to your wishes. For instance, a young adult who treasures their vintage guitar collection, or has a loyal pet, can take comfort in knowing these valued possessions will go to someone who will appreciate and care for them.

Decide on Guardianship for Your Children

If you’re a parent, having a will is especially critical. A will legally allows you to name a guardian for your children, ensuring they're cared for by the people you trust most should something unexpected occur. Imagine the peace of mind in knowing your children would be raised by a beloved sister or close family friend who shares your values and parenting style.

Clarify Medical and Legal Preferences

Some wills include a living will or health care directives, which let you outline your medical and legal choices if you couldn’t speak for yourself. This clarity provides peace of mind not tied to age, such as having a say in your healthcare needs or the measures you'd like (or not like) should you fall critically ill.

Ease the Burden on Loved Ones

Crafting a will before it's needed prevents confusion, legal delays, and stress for your loved ones. It’s a caring gift to those left behind, offering them a straightforward guide to honoring your intentions without additional administrative burden during a grieving period. Ultimately, making a will is an act of responsibility that ensures your wishes are respected and avoids placing unnecessary burdens on your loved ones. National Make-A-Will Month serves as a reminder to draft a will if you haven't yet or to encourage family members and friends to consider their estate plans. Remember, peace of mind isn’t reserved for later in life; it’s attainable now.