WILLS

Wills / Probate / Estate Planning

This practice area deals with all aspects of the transfer of a persons assets or estate after their death. While no-one like to contemplate their own death it is important to ensure that ones next of kin are properly provided for.

Please read this area carefully. If you need advice please contact us. We will advise you in confidence.

Wills

A Will is both a simple and a very complex document. On the one hand a Will is simply a set of instructions given by the person making a Will to a named person or persons [the Executor/s] directing how they wish that their assets be distributed after their death. On the other hand however, a Will is a very complex document which should only be made after carefully considering how you wish to dispose of your assets, and having obtained detailed advice at Steen O Reilly LLP Solicitors.

Why Make A Will?

If you have not made a Will, then, any assets you have at the time of your death, will pass to your next of kin in the manner as set out by law.
If you want specific people to inherit specific property then you should make a Will.

Making A Will

We at Steen O Reilly LLP will advise you about all aspects of making a Will. We will explain in a language you will understand what you need to consider when making a Will. When you have decided who you wish to leave your assets to we will draft a Will which will incorporate your wishes. We will also advise you on any liability your next of kin or the beneficiaries under your Will may have to Capital Acquisitions Tax, or Inheritance Tax, as it is commonly known. You will have to decide who you are going to appoint as your Executor. This is the person you are going to appoint as your Legal Personal Representative and who, after your death, will, with our help and guidance, administer your estate and distribute it in accordance with the terms of Your Last Will and Testament. We will also advise you, if necessary, about the appointment of Guardians or Trustees if some of the proposed beneficiaries are infant children, or are not capable of looking after their own affairs.
You are not under any obligation to disclose the contents of your Will to anyone. Where you make a Will the person or persons named as a beneficiary or beneficiaries in your Will do not gain any entitlement over that property until your death.

You are free to change your Will at any time and as often as you wish. We encourage our clients to review their Wills from time to time to see if they need to consider changing any of the contents.

While your Will is described as Your Last Will and Testament any new Will cancels and revokes any previous Will.
If you need advice on making a Will or indeed have decided to make a Will please make an appointment to come and meet with one of our team at Steen O Reilly LLP who will be happy to advise and guide you.