Making a will is important for several reasons. Here are few:
1. Control over your asset: A will allows you to dictate how your assets will be distributed after your death. This can help ensure that your assets are passed on to the people or organisations you care about in the way that you intend.
2. Protection for your loved ones: A will can also provide protection for your loved ones. For example, if you have minor children, you can name a guardian for them in your will. You can also create a trust to hold assets for the benefit of your children or other loved ones.
3. Avoiding disputes: A well-drafted will can help minimise the likelihood of disputes among your family members or other beneficiaries after your death. This can help reduce the potential for costly and time-consuming legal battles.
4. Tax planning: A will can also be an important tool for tax planning. By structuring your estate plan carefully, you can help minimise the amount of taxes that your estate will owe.
Overall, making a will is an important step in ensuring that your assets are distributed according to your wishes and that your loved ones are protected after your death.
Eoin O’Gorman Solicitors can assist you in drawing up your will. You can contact us at 053-914004 or info@ogormansolicitors.ie to make an appointment.
