Making a Will In Ireland

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http://BusinessAndLegal.ie Making a will in Ireland is a seemingly straightforward task but can go disastrously wrong and open up a can of worms for those left behind if not done properly.The requirements for a valid will in Ireland are set out in the Succession Act, 1965

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Making a Will In Ireland:

Making a Will In Ireland Why you should make a will.. http://BusinessAndLegal.ie Terry Gorry & Co. Solicitors

Why Make a Will?:

Why Make a Will? In this presentation you will discover why it is essential that you make a will..

1. You decide who gets what:

1. You decide who gets what If you don’t make a will who gets what will be dictated by the law-Succession Act,1965-as it will be an intestacy situation

2. You decide who is in charge:

2. You decide who is in charge If you don’t make a will who is entitled to administer your estate will be dictated by the Rules of the Superior Courts, not your wishes

3. Tax planning:

3. Tax planning By making a will there are a number or tax planning strategies that you can employ With no will the Revenue Commissioners and the Tax laws will dictate to a large extent how much tax will be paid

4. Make special provisions:

4. Make special provisions By having a will you can make special provisions for family members who may need special care

5. Faster and Simpler:

5. Faster and Simpler The administration of your estate will be faster and cheaper is you have a will If you don’t the administration of your estate will be slower with the requirement to take a out a Probate bond

6. Tailor your will to your needs:

6. Tailor your will to your needs When you make a will you can tailor it to reflect your wishes If you don’t make one then certain sections of the Succession Act, 1965 will kick in on your death leading possibly to unwanted consequences eg section 98 of the Succession Act, 1965 which deals with a child predeceasing you who you may have intended benefitting in your will

Terry Gorry & Co. Solicitors:

Terry Gorry & Co. Solicitors http://BusinessAndLegal.ie terry@businessandlegal.ie Tel: 086/81 21 797 Tel: 01/ 610 36 87 Thanks for watching 