Making a Will is the only way to ensure your wishes are carried out after your death. It allows you to decide who inherits your assets, appoint an Executor to manage your estate, and make provision for your loved ones.
If you die without a Will (intestate), your estate will be distributed according to the provisions of the Succession Act, regardless of your personal wishes. In addition, a family member will need to apply to become Administrator of your estate, which can sometimes lead to delays and disputes.
A valid Will can make the administration of your estate faster, simpler, and less costly for those left behind. It may also help minimise Capital Acquisitions Tax (CAT) for beneficiaries by allowing you to take advantage of certain reliefs and exemptions.
For parents of young children, a Will is particularly important as it allows you to appoint guardians to care for them and manage their financial affairs if the unexpected happens. It is also worth noting that if you die intestate leaving a spouse and children, your spouse does not automatically inherit your entire estate under Irish law.
Making a Will today can provide certainty, protection, and peace of mind for your loved ones tomorrow.
If you have any questions our specialised team are here to help.
You can contact McCormack Solicitors on
Email: info@carolmccormacksolicitors.ie
Phone: 071 9621846
www.carolmccormacksolicitors.ie
Disclaimer:
The contents of these pages are provided as an information guide only. While every effort is made in preparing material for publication no responsibility is accepted by or on behalf of McCormack Solicitors for any errors, omissions or misleading statements on these pages or any site to which these pages connect.