This article is from page 53 of the 2009-09-22 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 53 JPG
It is important for you to make a will because if you don’t, the law on in- testacy decides what happens to your property.
A will can ensure that proper ar- rangements are made for your de- pendants and that your property is distributed in the way you wish after you die, subject to certain rights of spouses and children.
A person who dies having made a valid will is said to have died ‘tes- tate’. If you die testate, then all your possessions will be distributed in the way you set out in your will. It is the job of the executor or executors you named in your will to make sure this happens.
There are legal limits as to how much of your property goes to which person, as set out in law in the Suc- cession Act, 1965. An executor can be a beneficiary under the will. In other words, the executor can also inherit under the will.
After you die, somebody has to deal with your estate, by gathering together all your money and posses- sions, paying any debts you owe and then distributing what is left to the people who are entitled to it.
If you leave a will before you die, one or more of the executors you named in your will usually has to get legal permission from the Probate Office or the District Probate Regis- try for the area in which you lived at the time of death to do this. Permis- sion comes in the form of a document called a Grant of Representation.
If you did not name any executors in your will or if the executors are unable or unwilling to apply for a Grant of Representation, documents called Letters of Administration (With Will) are issued.
When your estate is distributed, the legal rights of your spouse and children, if any, will be fulfilled first after any debts are paid before any other gifts are considered.
A person who dies without a will is said to have died ‘intestate’. If you
die intestate, this means your estate, or everything that you own, is dis- tributed in accordance with the law by an administrator. To do this, the administrator needs permission in the form of a Grant of Representa- nlOyee
When a person dies without a will or when their will is invalid, this Grant is issued as Letters of Admin- istration by the Probate Office or the District Probate Registry for the area in which the person lived at the time of death.
The legal rules governing the dis- tribution of your property apply: e When you have not made a will e When the will has been denied probate because it has not been made properly or a challenge to it has been SLECOLeAT AU e When the will does not complete- ly deal with all your possessions. In these cases, after debts and ex- penses have been deducted, the estate is distributed in the following way. If you are survived by: e A spouse but no children (or grandchildren): your spouse gets the entire estate. e A spouse and children: your spouse gets two-thirds of your estate and the remaining one-third is di- vided equally among your children. If one of your children has died, that share goes to his/her children. e Children, but no spouse: your es- tate 1s divided equally among your children (or their children). e Parents, but no spouse or chil- dren: your estate is divided equally between your parents or given entire- ly to one parent if only one survives. e Brothers and sisters only: your estate is shared equally among them, with the children of a deceased broth- er or sister taking his/her share. e Nieces and nephews only: your estate 1s divided equally among those Hae hailes e Other relatives only: your estate is divided equally between the near- est equal relationship. e No relatives: your estate goes to the state.