Friday 21 November 2014

€50 offer to entice two thirds of us to make will

Charlie Weston Personal Finance Editor

Published 04/10/2013 | 05:00

ONLY one-third of adults have made a will, new research shows.

Dying without having a will in place can lead to legal problems and family rows, a legal expert said.

Now, solicitors are offering an initial consultation for those interested in writing a will for a flat fee of €50. The move is part of an initiative from a group of 80 charities, MyLegacy, to encourage people to leave some money to charity.

It is understood the cost of a consultation and getting a will written starts at around €250.

DECLARATION

The MyLegacy organisation is hoping more people will be prompted to write a will and leave some money to their favourite charity.

Some 400 solicitors have agreed to take part in the scheme during Best Will in the World Week, which begins on Monday, October 21.

Research carried out by MyLegacy found that just 34pc of adults have made a will. And only one in four between the ages of 35 and 44 have put together a legally enforceable declaration of how they wish assets to be distributed after death.

Of those who do make a will only one in 10 have made a bequest to charity, said Susan O'Dwyer of MyLegacy and the head of the Make-A-Wish Foundation.

"During Best Will in the World Week solicitors will help increase the likelihood of a gift being left to charity by simply asking the question at the will consultations."

Solicitor Leo Mangan, of Mangan O'Beirne Solicitors in Dublin, said having a will means family rows are lessened.

"Without a will, problems, both legal and personal, can be expensive and endless. A will allows a person to decide who they wish to benefit."

Mr Mangan said that if there is a will everything can be left to the spouse, but if there is no will the spouse gets two-thirds and the children one third. This can lead to problems.

Visit www.bestwill.ie for a list of participating solicitors and member charities of MyLegacy.

Irish Independent

Promoted articles

Read More

Promoted articles

Editors Choice

Also in Business