Top 5 Reasons why Making a Will should be on your 2017 to do list
As we step into the new year, many people will start to think about the year that has past and the year ahead and what new year’s resolutions they will adopt to make 2017 their best and most productive year yet. If you find yourself thinking about the future, then now is the perfect time think about making a will.
Here are the top 5 reasons why making a will should be one of your 2017 New Year’s resolutions:
1. Make sure your wishes are carried out after death
It is easy to think that everything will go to your immediate family when you pass, but this is not always the case, making a will ensures that you belongings and estate are dealt with as you please. Without a will your possessions will be distributed according to the rules of intestacy – meaning that the people you want to gift your belongings to may not actually receive them after your death.
2. Making a will prevents unnecessary stress and financial strain for your loved ones
The more prepared you are the more your loved ones can mourn for you rather than stressing about how your estate will be divided.
3. Ensure that your children are looked after
For parents, having a valid will in place means that you can appoint a guardian for your children ensuring that they are looked after by the right people.
4. Reduce inheritance tax
Have a carefully drafted will can mean that the people who inherit your possessions can pay less inheritance tax. This is why it is so important to speak to a specialist will and probate solicitor when you do decide to make a will.
5. Choose your own funeral arrangements
Having a valid will in place allows you to choose your own funeral arrangements. This is particularly important to some people, if you die without a will your loved ones will arrange your funeral they think you would have wanted it, which may not be 100% correct.
How much does it cost to make a will?
Making a will is a quick process and a non-expensive process. The peace of mind you receive from making a will most definitely will outweigh the costs of making one. The costs of a will can sometimes depend on the complexity of the estate you own. You most likely have many questions about making a will the best advice to give you is to speak to a specialist wills and probate solicitor to discuss your own estate and wishes.
Tracey Solicitors have a dedicated wills and probate team that can help you in making a will – for a confidential chat feel free to call Maria on 01 649 9900 or visit www.probate.ie for more information.