Archive for January 2023
Per Stirpes Rules – The Basics
We all know the per stirpes rule, or think we know it in any event. We further know that it roughly translates as “by branch” or we sometimes refer to as “by the root”.. But that doesn’t really help. What is equally unhelpful is the definition of “per stirpes” in section 3(3) of the Succession…
Read MorePrior Gifts – Gathering information
In my last blog we looked at the importance of gathering information for prior gifts. Very often clients have been given gifts of property or other gifts but have little information about this. How does one go about gathering this information when clients cannot provide it? Past Values With respect to historic gifts of property,…
Read MoreManaging Prior Gifts – Revenue Changes
Gift and inheritance tax in Ireland is based on a system of taxing what the beneficiary obtains. This is the opposite to the UK where the estate is taxed rather than the beneficiary. As a result of the way the Irish system is designed, we have a system of aggregation. This means to work out…
Read MoreThe Assisted Decision-Making (Capacity) (Amendment) Act 2022
It is now hard to believe that we are writing about an Act rather than a Bill when it comes to Assisted Decision-Making amendments. What seemed like a “never never” has now become a reality. The Assisted Decision-Making (Capacity) (Amendment) Act 2022 was signed by the president on the 17th of December and is now…
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