If you take 100 unmarried 20-somethings and ask if they care what happens to their money and properties after their death, I bet almost all would. However, what proportion do you imagine have taken the trouble to write a will? I don’t know the right figure, but I bet it’s very very low. In You Can’t Drink All Day If You Don’t Start In The Morning Shirt fact, I’d put real money on the answer being zero: because wills are for old people who might actually die, and at that age everyone thinks they’re too young to worry about that. es, there is a default “next of kin” split for people who die intestate. There’s also a default to what happens to your organs. My point isn’t that people’s belongings will be lost to their families, but that they most likely have preferences as to who gets what – even if they’re trinkets of no real value that would be significant to e.g. a friend.
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However, even though young people may have preferences as to precisely what’s done with their things, and also of course their funeral arrangements, few make any plans at that point in their life – exactly the same as how they might have preferences regarding their organs or even specific organs, but don’t make plans. And yes, young people often don’t have valuable assets, especially nowadays. However, making a will is more than moving money around since it’s also an opportunity to assign non-valuable assets to You Can’t Drink All Day If You Don’t Start In The Morning Shirt people. For instance, over the last few years I’ve collected a decent collection of small shark’s teeth picked up from the beach – their monetary value is practically zero and my wife and kids aren’t interested in them.
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But they are something that my brother would love to keep. That’s not written into my will, and I’ve never expressed my desire for him to have them because I’m still quite young and death seems a long way off – and that’s the point I’m making. Yes some young people do have wills – I’m not saying that they/you don’t. Some people plan ahead, some don’t expect to You Can’t Drink All Day If You Don’t Start In The Morning Shirt live long lives, some have dangerous occupations that might even obliged them to write wills. Some young people are organ donors too. However, in my experience most don’t and I suspect the actual numbers are very low. Finally, yes this is speculation and no I’m not going to try and find actual numbers. But I think it’s pretty reasonable speculation.
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