Is it true that most college students really don't need a will?

The statement that most college students really don't need a will is generally considered false. While many college students may not own significant assets or have dependents, there are several reasons why having a will can still be important.

A will serves as a legal document that outlines how a person's assets will be distributed upon their death. Even if students don't have substantial property or wealth, they may still have personal belongings, savings, or digital assets that they might want to bequeath in a specific way. Furthermore, having a will can help avoid legal complications and disputes among family members regarding the distribution of these items.

Additionally, in certain cases, a will can serve to designate guardianship for minors or dependents, which can be a significant concern for some students, regardless of whether they currently assume that role. Thus, crafting a will can provide peace of mind and clarity in the event of the unexpected, making it relevant for college students to consider regardless of their current financial status.