It’s that time of year again when
we make all sorts of promises to ourselves that we seldom keep, at least not
for very long.
This year, as well as the usual
keep fit and get healthy resolutions we have been thinking about what legal New
Year’s resolutions we could make. This is a good time of year to take stock and
review your situation in life, and if necessary take steps to put your house in
order, so to speak. We’ve carried out a quick survey in the office and here are
our top ten:
1. Make a Will! If you are to have any say over who
gets what when you die it is vitally important to make a Will. You can read
more about the importance of making a Will here. If you already have a
Will in place, does it need to be updated?
2. Have you considered putting an Enduring Power of
Attorney in place? This is a document which can come into effect should you
become incapable of managing your own affairs. Read more about this here
3. Registering rights of way: If you access your
property through someone else’s property you should check to see if your access
is registered or not.
4. Mortgage or debt restructuring – if you are an
individual, are you aware of the Personal
Insolvency Bill? Could restructuring be more or less beneficial for you? If you
are a business, could debt restructuring help with cash-flow?
5. Review your insurance policies and life
insurance. Are there better policies out there for you?
6. Property – if you are married or in a civil
partnership you should consider transferring property into your joint names if
it is held by only one of you.
7. If you are separated, consider formalising your
separation, or divorce if you are eligible.
8. Unmarried fathers – consider formalising
guardianship in respect of your children.
9. Unmarried couples – do you need to put a
cohabitation or co-ownership agreement in place?
10. Businesses – are you considering setting up a
new business or winding down an existing one? Do you know all of the legal
implications?
Now there’s food for thought!
Wolfe & Co., Market Street, Skibbereen, Co. Cork
Tel: 028 21177
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