LOCAL NEWS

Younger Utahns encouraged to prepare wills

Oct 19, 2023, 2:04 PM

SALT LAKE CITY — Just because you’re in your 20s doesn’t mean you shouldn’t have a will — a legal document that spells out your wishes in case you’re not around to express them.

KSL’s Tamara Vaifanua talked to a local attorney about why you should consider planning for the future now.

Some may think wills or estate planning applies to old, married people who have kids or property. But think again. No matter your age or financial situation – you need a plan.

“On a very basic level, that might be financial, medical powers of attorney, and beyond that it might be a will, or a basic trust plan,” said Glen Wagstaff, an attorney for Inter Vivos based in Orem.

He helps people with wills and estate planning.

People under the age of 30 may think it’s a waste of time, but there are three reasons they should consider it.

If you have a minor child and haven’t designated a guardian in a will, the state will appoint one. A will can spell out who will make decisions on your behalf and any final wishes.

Dying without a will requires state authorities to assume control of your assets. Your estate will go into probate.

“Probate can take a long time. It can be expensive. If it’s a public process it causes a lot of stress on the family,” Wagstaff said.

With a valid will, the executor must follow the instructions you’ve laid out. If family members disagree, they can fight it in court.

If you’re thinking about writing your will or creating an estate plan, Wagstaff recommends you speak with a financial adviser to avoid any mistakes.

KSL 5 TV Live

Local News

A local mutual aid grassroots organization, the Coconut Hut, has been providing those who are homel...

Brianna Chavez

Grassroots group aids those unsheltered during extreme heat

A local mutual aid grass roots organization, the Coconut Hut, has been providing those who are homeless with water, other items, and tools.

10 hours ago

Family, friends and those who worked closely with an American Fork couple who died this week honore...

Shelby Lofton

‘We stand with them’: Community members rally around family of American Fork couple found dead in murder-suicide

Family, friends and those who worked closely with an American Fork couple who died this week honored them with a candlelight vigil Sunday night. 

10 hours ago

The Utah Department of Transportation confirmed potential heat damage to Riverdale Road caused lane...

Emma Keddington, KSL NewsRadio

Riverdale Road sustains heat damage, causes lane closures

The Utah Department of Transportation confirmed potential heat damage to Riverdale Road caused lane closures on Sunday evening.

12 hours ago

(Salt Lake City Police Department)...

Emma Keddington, KSL NewsRadio

Man arrested at airport in connection to Salt Lake City homicide

Police arrested a man Sunday afternoon at Salt Lake City International Airport in connection to a homicide earlier this year.

12 hours ago

A father and son are safe after being rescued from a river up Little Cottonwood Canyon on Sunday. (...

Mark Jones

Father, son are OK after being rescued from river in Little Cottonwood Canyon

A father and son are safe after being rescued from a river up Little Cottonwood Canyon on Sunday.

13 hours ago

A fire in West Valley City at Redman Van & Storage. Fire officials say the fire spread to an adjace...

Emma Keddington, KSL NewsRadio

West Valley City grass fire spreads and destroys four semi-trailers

A shorted powerline caused a fire that spread to a structure in West Valley Sunday afternoon. The fire appeared to be located in the lot of Redman Van & Storage.

14 hours ago

Sponsored Articles

Photo courtesy of Artists of Ballet West...

Ballet West

The rising demand for ballet tickets: why they’re harder to get

Ballet West’s box office is experiencing demand they’ve never seen before, leaving many interested patrons unable to secure tickets they want.

Electrician repairing ceiling fan with lamps indoors...

Lighting Design

Stay cool this summer with ceiling fans

When used correctly, ceiling fans help circulate cool and warm air. They can also help you save on utilities.

Side view at diverse group of children sitting in row at school classroom and using laptops...

PC Laptops

5 internet safety tips for kids

Read these tips about internet safety for kids so that your children can use this tool for learning and discovery in positive ways.

Women hold card for scanning key card to access Photocopier Security system concept...

Les Olson

Why printer security should be top of mind for your business

Connected printers have vulnerable endpoints that are an easy target for cyber thieves. Protect your business with these tips.

Modern chandelier hanging from a white slanted ceiling with windows in the backgruond...

Lighting Design

Light up your home with these top lighting trends for 2024

Check out the latest lighting design trends for 2024 and tips on how you can incorporate them into your home.

Technician woman fixing hardware of desktop computer. Close up....

PC Laptops

Tips for hassle-free computer repairs

Experiencing a glitch in your computer can be frustrating, but with these tips you can have your computer repaired without the stress.

Younger Utahns encouraged to prepare wills