Frequently Asked Questions
1. What is a will and why do I need one?
A will is a legal document that outlines how you want your assets distributed after your death. It's important to have one to ensure your wishes are carried out, to potentially reduce inheritance tax, and to avoid disputes among your beneficiaries.
2. At what age should I make a will?
In Ireland, you can make a will once you're 18 years old. It's advisable to create a will as soon as you have assets or dependents, regardless of your age.
3. Do I need a solicitor to make a will in Ireland?
While it's not legally required to use a solicitor to make a will in Ireland, it's highly recommended, especially for complex estates. A solicitor can ensure your will is legally valid and reflects your wishes accurately.
4. What happens if I die without a will in Ireland?
If you die without a will in Ireland (known as dying intestate), your estate will be distributed according to the Succession Act 1965. This may not align with your wishes and can lead to complications for your loved ones.
5. How often should I update my will?
You should review your will regularly, ideally every 3-5 years, or after any major life changes such as marriage, divorce, birth of children, or significant changes in your financial situation.
6. Can I disinherit my spouse or children in Ireland?
In Ireland, you cannot completely disinherit your spouse. They have a legal right to a share of your estate. Children do not have an automatic legal right to inherit, but they can contest a will if they feel they have not been adequately provided for.
7. What is an executor and how do I choose one?
An executor is the person responsible for carrying out the instructions in your will. Choose someone you trust who is capable of handling financial matters. This can be a family member, friend, or professional advisor.