The Gazette 1982

GAZETTE

JULY/AUGUS T

1982

Where There's a Will . . . (Continued from p. 169) for will-making, the solicitor's fee will not come anywhere near the premium for an administration bond in the average intestate estate. Premiums for bonds must now range between £50 — £100 in the majority of cases. Suspecting that claims under such bonds were rare, the Law Society enquired from the Federation of Insurers of Ireland about the level of claims brought under such bonds, to be met with the reply that the companies did not keep records in a form which enabled such information to be extracted! The suspicion grows that these bonds may provide a lucrative source of income to insurance companies, with little risk. Even if such premiums were reduced substan- tially, or the requirement for an administration bond abolished entirely, it would not affect the basic proposition that everybody who has dependants and who has sufficient assets to require a grant of representation in order to establish the title of the personal representative to deal with these assets, should make a will. It is as much an obligation to one's family as arranging for their housing or education. Failure to make a will may lead to insur- mountable difficulties for the survivor. The size of the problem is so substantial that a major push is clearly required to persuade would-be defaulters to mend their ways and make their wills, but it is a campaign which will require to be continuously pressed, most noteably by members of the profession, at every suitable opportunity. •

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The Law Society provides a quick service based on a standard form of Memo r a n d um and Articles of Association. Where necessary the standard form can be ame nd e d, at an extra charge, to suit the special requirements of any individual case. In addition to private companies limited by shares, the service will also form: [ 1 Unlimited companies. Í1 Comp a n i es limited by guarantee. [1 Shelf companies, c omp a ny seals and record books are available at competitive rates.

HEAD OFFICE /24055 BRANCHES CORK, GALWAY. KILKENNY. PHIBSBORO. DUN LAOGHAIRE, ILACCENTRE, DUNDRUM IRISH LIFE CENTRE, LOWER ABBEY STREET, DUBLIN 1 TEL

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