Archive for October 2023
Dwellinghouse Relief and Owning Other Property
You may be familiar with dwellinghouse relief. Here a donee will be exempt from CAT where they inherit a dwellinghouse if certain conditions apply. These conditions are, for example, that, the donee lived in the house as their main home for the three years immediately before the date of the inheritance. Another important qualification is…
Read MoreDebts due to the deceased as assets of an estate
Sometimes it is not appreciated that monies due to a deceased before they die continue to remain assets after death. We come across this from time to time in estates. Oftentimes it arises as parents have entered into deferred payment arrangements on property sales. In those cases a parent will have sold a property to…
Read MoreBudget 2024 for Probate and Will Drafting Solicitors
Each year the budget arrives with a sense of anticipation and worry, as there may be seismic changes, that will impact practice or our clients. As each year passes, however, Budget announcements tend to tinker on the edges of the taxes that apply to solicitors involved in probate and will drafting and this year is…
Read MoreAssent by Personal Representative of Unregistered Title
We have looked at various property elements of probate practice over the past number of weeks and today is no different. It relates to assents of unregistered title. An unregistered title assent is no different in many ways to a normal unregistered deed (be that conveyance, assignment etc), in that it will set out the…
Read More