Death is never a popular topic, so it’s no surprise that almost 6 in 10 people in Munster don’t have a will in place. Writing a will is one of those jobs that we understand the need for, but somehow never seems able to do it. Although, according to Royal London research, the pandemic has helped focus our minds, with 55% of those surveyed saying Covid-19 made them realize the importance of having a will.
“It is understandable that many people are reluctant to discuss the subject of death and death, but this investigation indicates that this is hampering the necessary arrangements,” said Tony Burke, Royal London brokerage advisor for Cork. “Although the survey results show that most people have a sense of when to make a will, it seems the majority are not taking action. ”
You don’t have to make a will, but it’s important to understand what happens if you don’t.
“If you die without making a will, your estate will be distributed in accordance with inheritance law,” says Citizens Information. “This means that your estate will be divided among your surviving family members as provided by law. ”
For example, if you die without a will [intestate] and with a spouse or civil partner and children, the law states that your spouse / civil partner receives two thirds of your estate and the remaining third is divided equally among your children. The law provides for a number of other situations, including if you have a spouse without children, children without a spouse, only siblings, or only other parents. If you have no parents, your estate goes to the state.
“If you want to have a say in who inherits all or part of your estate, you should make a will,” says Citizens Information.
Mr. Burke points out that making a will can make a huge difference to those who remain.
“Many people may not realize that making arrangements for our death helps, in many ways, relieve some financial pressures as well as the burden of decision-making and administration on our loved ones,” says- he. “Putting time and thought into these matters and preparing ahead of time can provide some peace of mind in having your affairs in order, no matter what stage you are in your life or what is your current situation. At Royal London, we see the tremendously useful impact that financial planning can have in supporting families for many years after the loss of a loved one.
The FLAC (Free Legal Advice Centers) also recommends making a will.
“A will is the only way to safeguard the future of those you love. When you die, your affairs must be liquidated. There will likely be unpaid bills to pay as well as goods to be distributed. Making a will simplifies all of this. This allows you to decide who gets what, with minimal delay and hassle.
While it is possible to write a will yourself, FLAC suggests that it is best to get legal assistance: “Due to the complex rules for writing a will, you should seek the advice of a lawyer.
Things to consider before writing a will include who will be affected by your will – whether you have a spouse or civil partner, children, grandchildren, etc. You need to think about all the properties you own or co-own. Then there are bank accounts, pensions, life insurance or endowment policies, and the provisions therein in the event of death. Joint accounts should be checked to see what arrangements are in place in the event of the death of an account holder.
There are tax implications for recipients to consider, although there are reliefs and exemptions available to lower the bill in certain circumstances.
You can get more information on drafting a will and tax thresholds at income.ie and citizeninformation.ie.
The welcome appearance of the sun in recent weeks has prompted us to plan how to make the most of our outdoor space over the coming months.
With that in mind, Aldi is bringing back its popular rocking lounge chair as a special buy, which is part of a range of garden accessories on sale Sunday, June 27.
The black steel frame lounge chair costs € 69.99 and comes with a removable head cushion, is easy to clean and has a max. load capacity of approx. 110kg.
For a more compact space, the range also includes a weatherproof garden lounger for € 39.99. The recliner can be placed in multiple recline positions with a safety lock and folds for easy storage.
The range also includes indoor / outdoor cushions (€ 7.99), a pizza stone suitable for both barbecue and oven (€ 8.99) and outdoor pots and lamps. All on sale in 146 Aldi stores across the country from Sunday, while stocks last.