Making a Will (Leaving Cert Home Economics): Flashcards
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Practise the cards
14 cards from this deck
Definition of a will
Definition of a will
Legal doc stating how assets & responsibilities handled after death
Intestate meaning
Intestate meaning
Dying without a valid will
Spouse share (intestate, spouse & children survive)
Spouse share (intestate, spouse & children survive)
Two-thirds
Spouse share (intestate, only spouse survives)
Spouse share (intestate, only spouse survives)
Everything
Children's share (intestate, spouse & children survive)
Children's share (intestate, spouse & children survive)
One-third equally divided
Executor's role
Executor's role
Carries out will, manages estate, pays debts, distributes
Min age for making a will
Min age for making a will
18 years (or married)
No. of witnesses for valid will
No. of witnesses for valid will
Two
Where testator signs will
Where testator signs will
At the end
Must will be written?
Must will be written?
Yes - handwritten, typed, or printed
Free choice requirement for will
Free choice requirement for will
No force or improper influence
Mental capacity requirement for will
Mental capacity requirement for will
Must understand decisions
Amending a will
Amending a will
Same formal procedures as original
Succession Act 1965 purpose
Succession Act 1965 purpose
Determines estate distribution when dying intestate