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tel: 00353 (0) 21 4279800 | |
fax: 00353 (0) 21 4279810 |
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| About Wills
A Will is a legal document which specifies how a person's property and possessions are to be divided up after that person's death. The party making a Will is known as the Testator. A Will can be changed or revoked at any stage up to the Testator's death. A Will is only valid if it has been correctly signed and witnessed. Because there are strict legal formalities to be adhered to when executing a Will, it is extremely important that you consult your Solicitor when making your Will. This Firm has a policy of not charging people for making their first Will. Advantages of making a will 1. The Testator can dictate what is to happen to his or her property after death. If there is no Will, this gives rise to what is known as an intestacy. In these circumstances, the deceased's property is divided up according to specific legal rules, known as the rules on intestacy. Therefore, by making a Will, it is the Testator who decides the destiny of his or her property. 2. By making a Will, you can arrange for your property to be divided up in the most tax efficient manner. 3.You can decide who is to be responsible for carrying out your wishes when you are gone by appointing Executors in your Will. 4. You may own items such as furniture or jewellery which may be of particular value, whether monetary or sentimental, which you may wish to leave to particular individuals. This can all be detailed in your Will. 5. The Will clearly sets out the Testator's wishes. This makes matters a lot easier for the Testator's relatives because their wishes are set out in black and white. It should be noted that a Will is automatically revoked by marriage unless the Will has been made in contemplation of that marriage. Therefore, if you have already made a Will and you get married you should immediately contact your Solicitor to make a new Will. It is important to update your Will on a regular basis. Contact us to make or amend your Will. |
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| © Sean O'Riordan Solicitors 2001 | Disclaimer | ||
