New Year, New You, New Will
Wills and Probate Solicitor Maria Lakes discusses why making a Will should be your New Year’s resolution.
2019 is well and truly underway!
It’s time to welcome the New Year with open arms. Every year as the clock strikes 12 on New Year’s Eve the champagne bottles pop and the circle of friends begins to form signing ‘auld lang syne’. As well as this people start to optimistically declare what their new year’s resolutions will be.
* “This year I will lose some extra weight”
* “This year I will save enough money to finally get a deposit on my dream home”
* “This year I will finally be fit enough to run a half marathon by summer”
Sometimes these resolutions are indeed stood by and fulfilled and fair play to you! However, more often than not it is the excitement of the night that has got the better of you. By the time you wake up the next morning (with a sore head) these resolutions are long forgotten about and you begin to re-evaluate your ideas.
* “Do I really need to lose some weight if it means I can’t have my takeaways during the weekend?”
* “Why save up for a deposit when the Maldives is crying out my name for a two week summer holiday?”
* “Sure by the time I get home from work in the evening it’s too late to go out running!”
What if I told you that there is indeed a beneficial New Year’s resolution out there that you can stick to. Why not make a resolution that will not only benefit you …. But your loved ones also. Make your New Year’s resolution of 2019 to make a will!
This resolution will not just benefit you in 2019 but, for the rest of your life!
What exactly is a Will?
A will is a legal document which sets out your wishes as to who exactly you want to inherit your property and assets after your death. It is also the legal document which enables you to appoint guardians to look after the welfare of your minor children should you pass away before they reach the age of 18.
Why should you make a Will?
We all own something, be it property, a car or even a valuable collection of designer shoes. Whatever is to happen to us in the future is something that we refrain to think about. However, one thing is for certain, and that is we all want to care of our loved ones after our passing.
Is it Important to Make a Will?
It is important to make a will. If you pass away without making a will the law will ultimately decide what happens to your assets and possessions. As a result the law may not divide your assets and possession among your family in the same shares that you would have intended.
Making a will gives legal authority to your wishes, as regards your assets or possessions expressed in the will. It would be beneficial to go into the New Year with the peace of mind knowing that if something were to happen in 2019 or in future years that your loved ones will be looked after as you intended.
Yes, it can often be difficult to contemplate your own mortality or indeed a time when your loved ones are without you. When you make your will you are protecting and indeed providing for your loved ones for that time in the future. Making a will prevents any unnecessary expense to your relations and loved ones once you have passed away. You can use a Will as an important legal tool to ensure that guardians are appointed to look after your children and facilitate your loved ones to succeed to your assets and possession as you wish.
As your circumstances change, so can your Will!
Should your circumstances change so can your will. Your Will sets out your wishes as the time you made the will – things change, relationships change and with these changes, so can your will change :
- If you were married in 2018 – you will need to make a new will as a Will is generally revoked upon marriage unless executed in contemplation of that marriage.
- If you plan on buying a house in 2019 – you should review your current will to reflect this change in your circumstances.
So get up, go out and make your Will this New Year!
Making a Will is not only beneficial for 2019; it is beneficial for the rest of your life and indeed, your legacy! It’s a resolution that will stick with you for a lifetime and most certainly one that will never be broken.
Make a Will with us today. Give us a call on 1850 940 140 or +353 (0)1 649 9900, Email us at email@example.com or request our information brochure on Making a Will today.
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*In contentious business a solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement.