Inheritance, Wills and Succession
In order to determine what will happen to your assets after your death, it is crucial to make a Will.
A Will ensures that your wishes are known and taken into account, simplifies the legal process for your heirs, and ensures that your loved ones are protected in the event of your death.
Without A Will
If you die intestate (i.e. without making a valid will), the ‘Laws of Intestacy’ will determine how your assets are distributed, using strict laws of entitlement. This may not be in accordance with your own wishes, and can cause great distress and expense to those you leave behind, as well as giving rise to unnecessary Inheritance Tax.
Making / Changing Your Will
At Julie Breen Solicitors in Ferns and Enniscorthy, we can guide you through the whole process of how to make or change your Will. At certain times in your life it is particularly appropriate to consider your Will, for example when:
- you get married (all former wills are automatically revoked when you marry)
- you have children
- you purchase property
- your marital status changes (i.e. divorce / separation)
- you are in a long-term relationship but are not married
How Much Does It Cost To Make A Will?
The cost of making a Will is determined by the complexity of your assets and your personal situation. However the average cost of most common Wills is approximately €120 + VAT. Before coming to talk to us about your Will, it is a good idea to make a list of your assets, your dependants and your choice of executors, as well as any specific wishes and questions you have.
- you get married (all former wills are automatically revoked when you marry)
- you have children
- you purchase property
- your marital status changes (i.e. divorce / separation)
- you are in a long-term relationship but are not married