Inter vivos transfers are asset transfers made during your lifetime, offering a strategic way to manage wealth and reduce tax obligations. Common assets include property, cash, shares, or personal valuables, often gifted to family members. In Ireland, the recipients of these transfers are subject to tax laws such as Capital Acquisitions Tax (CAT), which applies […]
Category Archives: WILLS & SUCCESSION PLANNING
18
Nov
Nov
The annual Small Gift Exemption (SGE) is a simple yet powerful tool in Irish tax planning. The annual SGE permits an individual to gift up to €3,000 per year to any recipient, completely tax-free. There is no limit to the number of recipients, meaning you can give €3,000 to multiple people, i.e. children, grandchildren, friends, […]
10
Jun
Jun
A decision-making representation order made to the circuit court is an application by an individual to have a specific person appointed to make decisions for and on behalf of another. It is the highest level of tiered support available under the Mental Health Capacity Act. Criteria for Court Consideration The court will only consider putting […]
24
May
May
The purpose of this video is to give a brief overview of the area of enduring powers of attorney. There was a lot of change in this area of the law last year, April 2023, when the Mental Health Capacity Act 2015 came fully into force, there has been considerable change to the area of […]
15
Apr
Apr
An Advance Healthcare Directive (AHD) is a legal document that outlines an individual’s preferences and instructions for medical treatment in case they become unable to communicate or make decisions due to illness or incapacity. Contact us to book a consultation to guide you through the process of tailoring Advance Healthcare Directive to your needs.
02
Apr
Apr
They came in under the Mental Health Capacity Act 2015, and they are a very valuable document and one worth considering in terms of your own succession planning. Definition and Purpose of Advanced Healthcare Directives An advanced healthcare directive is a legal document which sets out your will and preference with regard to any health […]
04
Mar
Mar
Settlements and Trusts serve as powerful tools in estate planning, asset protection, and tax management. Their popularity continues to rise as individuals seek efficient ways to secure their wealth and pass it on to future generations. To embark on this journey, it’s crucial to grasp the fundamentals. What Are Settlements and Trusts? At its core, […]
26
Feb
Feb
A Settlement is an arrangement in which property or assets are transferred (or settled) to a Trusted individual (the Trustee) for the purpose of managing and safeguarding them on behalf of another person or group of people (the Beneficiaries). This legal relationship, known as a Trust, ensures that the assets are handled in accordance with […]
24
Feb
Feb
Probate might sound complicated, but it’s just a part of sorting out someone’s things after they’ve passed away. It’s like making sure their belongings go where they wanted or as per the rules. If you’re unsure about probate or just curious, this guide will help you understand it better. At the end of the day, […]
19
Feb
Feb
When it comes to carrying out your post-death wishes and instructions, your Personal Representatives play a crucial role. Therefore, it is important to understand what the role may involve. What is a Personal Representatives A Personal Representative is the umbrella term used to refer to Executors or Administrators and these are the individuals appointed to […]
