On this week's episode the two Pauls are joined by Sinead Glynn, solicitor with MHP Sellors Solicitors to talk about everything you need about wills.
Sinead chats about who should have a will and why, she and Paul chat about the financial planning of wills - why people refuse to make a will and the potential pitfalls of being without one. Sinead outlines where to start - the homework you need to do before you go to your solicitor to make a will and explains why if you have assets or children you definitely need a will.
They also chat about what happens in various situations; if a will isn't updated, family rifts and cohabiting couples vs married couples. They also discuss cost and tax and inheritance implications and what happens if people contest a will and why that might happen. They talk about who you should or shouldn't choose as an executor, trustee or witness and when you might engage a professional executor and why DIY wills are nearly never a good idea.
Disclaimer: This podcast has been produced by Paul Merriman (Certified Financial Planner CFP®) in his personal capacity. The views and opinions expressed in the podcast are those of Paul Merriman and do not necessarily reflect the views or the position of Fairstone Asset Management DAC trading as Fairstone & askpaul. Some segments of this podcast may be provided to askpaul for the purposes of promoting or advertising on its social media platforms. These podcasts set out some of Paul Merriman’s personal financial experiences and it is not intended to be relied on as financial advice. Where a subscriber has a financial query then they should seek the relevant financial advice from www.askpaul.ie
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