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The simple answer is
that it is never too early or too late to make
a will, but the best time is NOW.
Everyone of adult age
should have a will. Many people delay the
matter until they retire. Many don’t even
do that much because, at any age, who wants to
contemplate death?
However, these
approaches defy the simple fact that life can
be very random and the whole point of having a
will is to be prepared – not for yourself, but
for friends and loved ones. The decision should
not be influenced by how much or how little you
have; the quantity or value of your belongings
is not the point.
What is also important
is that the will is written properly and as up
to date as possible.
You should certainly
write your will – or, if you already have one,
update it – whenever there is a personal or
financial development in your life.
Marriage, separation, divorce, or remarriage,
employment or redundancy, buying or selling a
home or business, the birth or the death of
loved ones, changes in your children’s
circumstances, changes to estate laws – all
these developments necessitate a will and, just
as importantly, the periodic revision of that
will, to make sure it still accurately reflects
your relationships and intentions.
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