Death is something we all love to talk about. NOT!
So we have no choice but to make a will and have those uncomfortable conversations with your loved ones. I know from personal experience that the hardest part was deciding what would happen to the children if my wife & I were to die at the same time. This made for some interesting conversations but now the will is in place we both have peace of mind.
Unless you have a will in place, the law may decide who inherits your estate. Recent research indicates that:
• 70% of adults do not have a will.
• 53% of parents do not have a will.
• Women (60%) are more diligent than men (53%) in updating their will.
• 48% of married couples or those living together have not updated their will in the last 2 to 5 years.
• Married, divorced or widowed people (56%) are much more likely to have a will in place as opposed to their single counterparts (86%).
(Irish Life research, 2010)
If you do not have a will in place yet, or have not updated your existing will – now is the time to just do it. My main advice is to get a profession involved in setting up a proper will. A straightforward will is inexpensive to arrange so contact your solicitor for a quote today.
If you have a child who has special needs then you will need a comprehensive will that dictates your wishes.
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