- November 3, 2018
- Bob Quinn
News emerged this week about the generous bequest of a Laois woman, Mrs Elizabeth O’Kelly, to five Irish charities. Each charity received €6 million.
We heard from the charities this week of how important the money was to them. The Irish Cancer Society said it was the equivalent of two daffodil days. You can just imagine the good Mrs O’Kelly’s bequest will do.
Very few of us has that kind of money to give away, I grant you, but if you feel passionately about a charity, cause or deserving social enterprise, why shouldn’t you give it the benefit of your wealth?
Express your values by supporting what is important to you
Rather than leave it till ‘nearer the time’, take steps now to change your will or indeed make a will if you don’t have one. After all, we never know the day or the hour when we’ll go, or become incapacitated. While you are at it, consider appointing a Power of Attorney, particularly if you are single. This person is someone that can make decisions if you do not have the capacity to do so. Moreover, I’d also urge you to capture what kind of a send off you’d like. After all, you only have one chance to make a last impression.
If you haven’t already had ‘the conversation’ – often one of the most difficult conversations to have – wouldn’t this weekend be a good time to have it?
By all accounts, Mrs O’Kelly would not have welcomed the publicity the bequest attracted, being a modest and private woman. However, I am sure she would be rather pleased if she knew her private act of generosity had inspired many others.
Hi, I am Bob Quinn, a fee-only independent financial adviser in Naas, Co. Kildare.
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