The Land Registry was established in 1892 and has a number of functions, including the maintenance of a fully computerised record of all registered titles. The Land Registry deals with registered titles. They are responsible for processing and examining registration applications. The registered land in each county is divided into folios, one folio for each individual […]
The PRA is the is the State organisation responsible for the registration of property transactions in Ireland. Their primary role is to provide a system of registration of title (ownership) to land, which is comprehensive and readily accessible.
A notary public, also known as a notary or public notary, of the common law is a public officer constituted by law to serve the public in non-contentious matters. These matters are usually concerned with general financial transactions, estates, deeds, powers-of-attorney, and foreign and international business. The term only refers to common-law notaries and should […]
Inheritance tax is a tax paid by a person who inherits money or property from a person who has died. In Ireland, it’s a type of Capital Acquisitions Tax (CAT) as opposed to the UK, where the estate of the deceased is liable for the tax. An estate tax is a levy on an estate, […]
An executor is the person named in a will, as nominated by the testator, who will carry out the instructions of the will. The executor is responsible for distributing assets of the deceased’s estate as soon as possible. These assets must be preserved and given to the entitled beneficiary as instructed by the will. Not […]
A discretionary trust is a legal document, which if correctly drafted, creates a legal relationship between the “settlor”, the person setting up the trust, the “Trustees”, the individuals selected to manage the trust, and the “beneficiaries”, the persons for whose benefit the trust was created. The Trust deed and/or a “letter of wishes” will set […]
Have you ever heard the term “mitigate your loss” and wondered what it meant? Legal terms are often misunderstood, but we’re here to help. Join Paul Murran as he explains exactly what this means.
When purchasing a property in Ireland, a buyer must engage a solicitor to conduct an “investigation of title”. This involves going through and critically reviewing the title documents the seller is offering. The buyers solicitor will identify any missing documents, potential problems or gaps in title and attempt to resolve these prior to contracts being […]
Conveyancing is the transfer of legal title of real property from one person to another, translated into plain English, it is the process of buying or selling property. The conveyancing process requires input for number of different people including, vendors, purchasers, auctioneers, architects, banks, mortgage brokers and solicitors. A good Solicitor should explain how the […]
When selling a house, it is necessary to register the new ownership of the property. A conveyancing solicitor reviews the “title”, ie., the ownership history and specifics, of the property being sold. The process of reviewing title can be complex and requires a properly trained Solicitor to do so, any missed steps or mistakes can […]
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