Wills & Inheritance
A will is a document that gives instructions about how your estate should be divided upon your death. When individuals or couples do not have a will, the estate is divided in accordance with the provisions of the Succession Act.
Among the many advantages of having a will are:
- You will dictate what happens to your property
- You can plan your estate matters in a way that is advantageous for reducing the tax burden of your heirs
- You can appoint the executors to your will (people responsible for gong though your affairs and carrying out your wishes)
If you are thinking of making a Will or even updating your current will, we will discuss your unique and individual situation with you in a private and confidential manner. We will advise you on such matters as Tax Planning and how your assets may be distributed to ensure that they are of maximum benefit to your family and loved ones. We are happy to discuss your particular needs with you, to ensure that you have peace of mind when your Will is made.
If you have recently lost a relative or friend, and wish to discuss how to manage that persons estate, we will advise you in a clear and straightforward manner. We understand that this may be a difficult time and we strive to provide our clients with the best legal advice during this process. We will be happy to assist you in having matters concluded properly and efficiently in the distribution of the estate of the deceased. We will also provide advice and assistance in relation to any possible tax implications arising out of the administration of the estate.
Enduring Power of Attorney
We advise on Enduring Power of Attorney and Ward of Court applications on behalf of vulnerable people and their families. As we get older we start to think about our health and wellbeing a little bit more and what might happen to us, should we lose the ability to make decisions for ourselves. We worry about what might happen to us if we lose our mental capacity. Who will manage our financial affairs and make important healthcare decisions on our behalf if we suffer a loss of capacity.
By making an Enduring Power of Attorney you will have a legal document in place, detailing who will make those incredibly important decisions on your behalf if you were to fall ill and lose your mental capacity.
Typically, you will select an attorney that you trust and can rely on to make those all important decisions on your behalf. By putting an Enduring Power of Attorney in place, you decide what powers your attorney will have over your financial affairs and your care and well-being.
In relation to your finances, and depending on the content of the Enduring Power of Attorney, your attorney may have the power to:
- Pay your Bills
- Sell and Purchase Property
- Payback your Loans
- Manage any Investments you may have.
The same applies to healthcare related decisions. As an example, your attorney may have the power to:
- Decide where you live
- Decide what Medical Treatment and Care you should receive
- Complete a Healthcare Directive to supplement your Enduring power of Attorney to cover decisions to be made in specific circumstances
If you believe an Enduring Power of Attorney is something that you would like to put in place, or if you would like further information before doing so, please get in touch with our team and we will guide you through the process. If you need advice on the process and the work involved please call us on + 353 068 28766 or email Paul Cannon or Margarita Purtill at email@example.com and we will advise you in a sensitive and efficient manner.