Most people are understandably too busy living their life rather than thinking about drafting their Will and likewise many think that drafting a Will is both a complicated and expensive thing to do. This is one of the biggest misconceptions regarding Wills and is often cited as the main reason why so few people have a Will in Ireland.
Yes, it is true that not many of us like to think about passing and there may be some who feel somewhat superstitious just thinking about the topic, however, what is often overlooked is that drafting your Last Will And Testament is actually quite a simple, straightforward and inexpensive process to complete.
Key Things To Consider When Drafting A Will
Drafting a Will can be as simple or as complicated as you would like it to be. Even if your Will simply states that everything you own will pass to your spouse on your passing this will be much, much better than having nothing.
People are often surprised at how inexpensive a Will can be to draft. As long as you don’t have complex financial affairs a Will is usually a quick and easy process to complete.
So, with this in mind why don't you put your family centre stage and give them the peace of mind they deserve should the unthinkable happen. This should mean their grief is not compounded through possible financial hardship which could otherwise have been so easy avoided.
To find out more about how the Wills and Succession Planning team at Poe Kiely Hogan Lanigan can help you to navigate your way through the preparation or execution of your Will, please get in touch for an initial consultation.
If you would like to read the other articles in this series of articles on the importance of drafting a Will, you can find them here:
- Important Considerations When Drafting Your Will
- The Rights of A Spouse, Civil Partner, Co-Habiting Partner & Your Children When Considering Your Will
- Death, Taxes And The Importance Of Your Will