Consider Your Own Situation
The ongoing Covid-19 Pandemic has been difficult for everyone and has caused many people to consider their own situation and in particular, how best to provide for their loved ones should something happen. The best way to ensure that your loved ones are provided for according to your wishes is to make a Will. Nobody likes to think about making a Will but the current pandemic has many people thinking about their own vulnerability and what the future holds.
Some people mistakenly believe that they do not have enough assets to warrant making a Will or that family and friends will know what to do should you die without having made a Will. Everyone that has an interest in property or has possessions should consider making a Will. The purpose of a Will is to set out how you would like your possessions to be distributed after your death and who you would like to take care of this. It is important to note that if you die without a Will, your possessions will then be distributed according to the law. The law will also decide who will be responsible for administering your estate.
Making a Will gives you control over matters.
What Do I Need to Do?
The first thing to do, which might seem obvious, is to check and see whether you have already made a Will and consider whether it is still relevant to your current circumstances. Next, make a list of all of your assets which might include property owned or shared with others, bank accounts, savings, shares, insurance policies, paintings or other items. Then consider who you would like to act as executor and whether you need to appoint guardians for children or trustees.
Once you have considered matters, contact your solicitor for advice and to discuss your requirements with a view to preparing a Will.
Making a Will during Covid
Covid restrictions have made the process of making a Will less straightforward and we have adopted our practices following current Law Society of Ireland guidelines and adhering to all Covid protective measures to ensure that our clients can make a Will safely and without having to be present in our offices.
These measures include:
- taking full and detailed instructions by telephone and email
- preparing and furnishing a draft Will in advance for review
- attending your place of residence to execute the Will maintaining social distance and wearing a mask
- arranging for witnesses to sign and witness the Will through a window
Should you wish to discuss making a Will or any aspect of Estate Planning please Contact Us.