Probate is the term given to the process involving the administration of a deceased’s estate. Making a will is crucial in order to ensure your assets are disposed of according to your wishes and in a timely manner. It is also important as the non-existence of a will can lead to disputes and the process generally takes a lot longer, as it usually involves court action. Although, wills can be made or updated at any time, you should certainly consider making or updating a will in the following circumstances:
- Marriage – previous Wills are revoked when you get married.
- Separation or divorce.
- If you are in a long-term relationship but have not married.
- Where children are involved (Who takes care of them, holds property in trust for them, etc.)
- If you own or inherit a business, property, or other important assets.
- To have your estate distributed in a tax efficient manner.
The Law involving inheritance, probate and the making of wills is well regulated in Ireland which has it’s positives and negatives. It ensures assets are distributed according to clear rules governing both the existence and non existence of a will. However, the various rules involved in making a will means that the best way to ensure that a will is valid is to seek the advices of a solicitor.
At E.C. Murray and Co we acknowledge the importance of drafting a will in guaranteeing that one’s loved ones are taken care of after your departure. The importance of this is proved through our probate service which seeks to ensure that the exact terms of your will are met. We are flexible to all circumstances and are available for house calls where necessary.