A new Wills and Probate Service from John Lowe, the Money Doctor

Brendan Burgess

Brendan Burgess

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moneydoctors.ie

WILLS A DO-IT-YOURSELF PACKAGE…. - Money Doctors

Plan your legacy with confidence. MoneyDoctors.ie offers expert guidance on wills and estate planning. Secure your family's future and assets with our professional will writing services.
moneydoctors.ie moneydoctors.ie

The cost of this complete Will package ? Only € 50 plus 23% VAT ( a total of € 61.50 )

  • 3 word documents (one of 6 Will template options,
    • There are only 6 basic types of Will…. where you are
      1. SINGLE or LEGALLY SEPARATED/DIVORCED, with NO CHILDREN
      2. SINGLE or LEGALLY SEPARATED/DIVORCED, with CHILDREN under 18
      3. SINGLE or LEGALLY SEPARATED/DIVORCED, with ADULT CHILDREN
      4. MARRIED or CIVIL UNION, with NO CHILDREN
      5. MARRIED or CIVIL UNION, with CHILDREN under 18
      6. MARRIED or CIVIL UNION, with ADULT CHILDREN
  • a List of Assets & Personal Information template and
  • an Enduring Power of Attorney template) so YOU can input on YOUR lap top or complete in YOUR own handwriting..
  • plus 5 other pdf documents including this press release.
    • o Bereavement check list & Irish Funeral Guide 2021 ( pdf )
      o Bereavement Support Services 2021 ( pdf )
      o What is an Enduring Power of Attorney - explanatory fact sheet ( pdf )
 
There are just a few important things to remember when you are completing your Will

1. You have to nominate an executor/s or executrix/ces who is appointed to look after the
affairs/estate of you, the deceased person and make sure your wishes, as set out in your Will,
are put into place. Therefore you have to tell them about the Will and its location….
2. Ensure any beneficiaries are fully named with their addresses / eircodes even PPS #s.
3. You sign and date the Will… if you have any medical issues you may need to obtain a
certificate of competence from a doctor or specialist stating you have the capacity to sign a
Will..."being of sound mind"...
4. The two witnesses who witness your signature must NOT benefit from your estate. Their
full names, addresses, PPS numbers, eircodes and occupations must be recorded on the Will
below your name. The same witnesses do not have to see the contents of your Will just witness
your signature.
5. You then keep the original Will and put it up in a safe place – make a copy and give it to a
trusted friend / family member. The original Will is the important document and if you want
the executor/s / executrix/ces to complete the Probate, they will need the original Will so they
must know where it is located. Also make provision in case of a house fire… ( fire proof safe
or filing cabinet etc )
6. Make provision in case any of your executor/s / executrix/ces or beneficiaries pre-decease
you.
7. Be sure to nominate a guardian if you have children under 18 and / or make provision if
you have children with special needs.
8. DNA assets should also be recorded. You need permission to sample it, and permission to
access any records relating to it. Many by now have Ancestry.ie or similar. This should be
listed since this is definitely a valued piece of family inheritance. Remembering too that the
person who has access to any DNA records must be, like an executor/s / executrix/ces,
responsible enough to take on the info that may come with it.
9. The template for an Enduring Power of Attorney is included in this package and a fact sheet
on why you may need to sign one plus for more information visit this weblink – just to make
you aware of its availability when support is needed.

Enduring power of attorney

Power of attorney is a legal device in Ireland that can be set up by a person (the Donor) to allow another specially appointed person (the Attorney) to act on their behalf. An enduring power of attorney only takes effect when the donor becomes mentally incapacitated and no longer able to...
www.citizensinformation.ie www.citizensinformation.ie
10. Click on this link to find out about the 3 group thresholds (e.g. A - Parent to child
€335,000 etc B & C ) and all you need to know about inheritance -
[broken link removed]
tax.html
 
Seems like a good service for making wills.

It's much better to have a will made from one of these templates, than to have no will at all.

And, if you have a complicated set up or a lot of assets, use a solicitor.

Brendan
 
From the website:

99% of Irish citizens’ estates ( what they own ) are NOT complex – generally one or two properties, a few bank accounts, some alternative assets such as your car, your watch, some art etc.. that’s it.
Click to expand...
Not at all true and quite misleading. Many private sector retirees have an ARF at retirement now. According to the CSO, 9% of households have land, 10% have shares, 10% have bond or mutual funds, 18% have self-employed business. Sure, a lot of this is tidied up before death but it's highly unlikely that just 1% of estates could be described as complex.
 
NoRegretsCoyote said:
Many private sector retirees have an ARF at retirement now.
Click to expand...
Hi Coyote

I agree with you that he is exaggerating to say that 99% of estates are simple. It's more like 90% I would guess.

Not sure why an ARF makes it complex? Certainly at the will making stage, it's not that complicated to list it in your assets. You should take advice from your ARF manager about the most tax-efficient way to leave it after you.

Brendan
 
Hmmm, there are a number of sites out there offering templates for Irish wills, generally cheaper than this site is offering. You can also get them free through various charities (e.g. https://www.lauralynn.ie/make-your-will-online), without an obligation to leave them anything. The inclusion of an Enduring POA template is imo, a complete red herring as it seems impossible to create one, without using a solicitor: https://www.citizensinformation.ie/en/death/before_a_death/power_of_attorney.html#l73f44
 
Last edited:
Correct.

EPOA has a number of clearly defined steps that must be completed.

It's worth doing one, but it's not a "fill in the blanks" process.
 
homer911 said:
The inclusion of an Enduring POA template is imo, a complete red herring as it seems impossible to create one, without using a solicitor:
Click to expand...

Agree you should(must?) use a solicitor.

But explaining the process and encouraging people to do one is a good idea.

Brendan
 
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