| What does a Will do?
Your Will guarantees your assets are distributed in the way
you want when you die. If you don't have a Will, you don't
have a say.
What is a Will?
A Will is a legal document that enables specified people
(your Executors) to distribute your assets according to your
wishes when you die.
Your assets include your house, land, car, shares, bank accounts,
insurance policies and any other goods that you own.
The Will sets out which asset goes to which “beneficiary”.
Beneficiaries can be family members, friends, or even charities
and organizations.
If you have a young family, your Will can also state who
is to be the legal guardian of your children.
What if I die without a Will i.e. "Intestate"
?
If you don't have a Will, you don't have a say in how your
assets will be distributed as your assets will be distributed
according to a rigid formula set down by law. Your children
or other minors in your care may not receive the protection
you would have wished.
Your estate may be administered by someone you would not
have appointed!
If you have no relatives, it is possible your assets will
go to the Government.
For all these reasons, it is wise to make a Will. Any person
over the age of eighteen years and of sound mind can make
a Will.
How can Hefferan & Co. Solicitors help me to
prepare my Will ?
We can help you in the following ways:-
- Making sure the Will is valid – that is, properly
drawn up, and correctly signed and witnessed.
- Making sure your wishes are clearly recorded.
- Making sure you have made adequate provision for your
spouse and children, including who should be the legal
guardian of your children.
- Advising you on choosing an Executor and on the Executor's
right to be paid for his or her time and trouble.
- Advising you on the possibility of claims against your
estate.
Can I alter my Will ?
A Will only takes effect at the time of death. You are therefore
free to alter your Will in writing at any time and as often
as you wish.
Does marriage affect an existing Will ?
Generally, unless the Will specifically states it has been
made in contemplation of your forthcoming marriage, it will
automatically become invalid when you marry. If you are planning
to get married, you should consult us about making the necessary
changes to your Will.
Divorce can affect your Will by cancelling any assets you
may have gifted to your spouse. Separation does not affect
your Will however, should you and your spouse separate, you
should talk to us about the need to make a new Will.
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