- The process of gathering in the assets, submitting details of assets and liabilities (if any) to the Revenue Commissioners, and proving the will is often described as applying for probate.
- We can advise on and attend to the legal formalities following a death including:
- Arranging with the deceased’s bank for prompt payment of the funeral expenses
- Gathering information and making calculations for the completion of Revenue Returns prior to the application to the Probate Office
- Application for Grant of Probate in cases where a person dies having made a will
- Application for Grant of Administration in cases where a person dies without having made a will.
- Examination of rights of those entitled to the property of the deceased
- Examination of rights of spouse and rights of children arising as a result of the deceased having made a will or having died intestate
- Completing probate tax and inheritance tax returns
- Sale of assets and distribution of net proceeds
Why make a will?
If you own an asset, such as a house or apartment, it is a good idea to make a will, regardless of whether you are young or old. This ensures that after you die, your property will go to the people you want it to go to, rather than being divided according to State rules. A will can be amended as often as person wishes and as personal circumstances change. The will only becomes effective when a person dies.
Issues in relation to making a will include:
- Choice of Executors
- Providing details of the extent and location of assets
- Names and addresses of beneficiaries
- Funeral Instructions
- Sale of house
- Trusts for children
- Personal belongings