Should a Stay-at-Home Mother in Her Mid 30s Make a Will?

The question of whether a stay-at-home mother in her mid-30s with no income or health problems should make a will can seem daunting, but it's crucial for her peace of mind and for the safety and security of her family. While it may seem like a formality with no immediate impact, the importance of a well-drafted will cannot be overstated. Here are some key points to consider.

Importance of a Will for All Parents

Everyone should have a current will especially if they have children. A will is a legal document that ensures your wishes are followed in the event of your passing. It specifies how your assets will be distributed and who will be the legal guardian for your children. Generally, even if you have very little wealth or income, having a will is valuable because you can name guardians and stipulate how your children will be supported.

Realistic Expectations and Planning

None of you are going to like my answer but what is the point? While you might not feel in a position to take time to create a will, it is important to understand that accidents can and do happen. It doesn't matter if you think you are healthy and in your prime; life is unpredictable. The idea that you can be hit by a truck tomorrow or that a tree could fall on your house highlights the necessity of planning ahead.

Property and Financial Considerations

Do you own property and are there more than one child? If you own any property or major assets, such as a house or car, it's particularly important to have a will. You can outline how these assets should be divided. If you have multiple children, specifying which possessions or properties go to which child can eliminate potential conflicts later on.

What about Family Heirlooms?

What about you and your husband whose name is on the house and car and the bills? Even if you don’t own significant assets, there may be heirlooms or family items that you want to go to a specific child. Writing these details into your will can ensure that these items are not accidentally sold or lost during the estate distribution process.

Simple and Cost-Effective Will Writing

You can have a very simple will done for a minimum amount of money. There are various tools available that can guide you through creating a basic will, and legal professionals who charge reasonably for their services. The cost of a will can be negligible compared to the potential legal and financial complications that might arise without one.

Is a Will Necessary if You Have No Income?

If you have nothing to leave behind except debts there is no need for a will. While this statement is technically correct, the importance of a will goes beyond just assets. A will is about more than just leaving an inheritance; it is about making sure that your family's future is secure and that your wishes are known in matters of guardianship and healthcare.

In conclusion, a will is a proactive measure that can provide peace of mind and long-term benefits. It ensures that your children are cared for, your wishes are respected, and your family's future is secured. Even if you think you have little to leave, a will can be a powerful tool in managing the complexities of life, especially in challenging times.