Set out below are 50 things you may or may not know about making a will. Quite frankly, the important thing to know is that it is a good idea to make a will for these two critical reasons: 1. YOU will decide who gets what2. YOU will decide who administers your estate Here are … Read more
The late poet and author, Dr. John O’Donohue, made his own will without the benefit of legal advice. In December, 2011 Justice Gilligan in the High Court declared the will void for uncertainty and the entire estate passed to the testator’s mother. Justice Gilligan, in his judgment, stated that The Testator has unfortunately provided an … Read more
Are you looking to make provision for a child in a tax efficient way? A bare trust is one way to do this. Trusts have also been subject to close scrutiny by those looking to put assets beyond the reach of creditors in the last few years in Ireland. If you have significant debt problems … Read more
Trusts are incredibly useful legal devices which are typically used to Ensure property is enjoyed by individuals in succession Provide for beneficiaries whose identity may not yet be known. Trusts can be broadly categorised into Inter vivos (during the lifetime) trusts and Will trusts. Will Trusts The focus of this piece will be on will … Read more
Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances and comprises two taxes: gift tax and inheritance tax. The calculation of the tax payable is based on The relevant legislation is the Capital Acquisitions Tax Consolidation Act, 2003. Here’s an example: Say you receive a benefit worth €50,000, and you have received no … Read more