Estate/Succession Planning 2017-03-09T14:55:46+00:00

Estate/Succession Planning

When managing wealth, individuals and families usually have two main objectives – to have sufficient funds to support their lifestyle, and to ensure that their estate is distributed according to their wishes thereafter.

If you are planning on leaving assets to your family or others on death or wish to gift assets during your lifetime, there is a real risk that the value of these assets will be significantly reduced by Capital Acquisition Tax (CAT), in the form of inheritance or gift tax.

Capital Acquisitions Tax (CAT) rates have increased significantly in the past few years, whilst the tax free thresholds have reduced dramatically. Consequently, it is more important than ever to plan ahead, achieve available exemptions where possible and to devise durable structures to benefit you, your family and the next generation.

Tax Considerations:

  • Retirement Relief
  • Business Asset Relief
  • Agricultural Relief
  • Dwelling House Exemption
  • With proper planning, a tax liability can be mitigated or removed completely.
  • Family Partnerships – structured approach to asset management and protection

Succession Planning:

  • Wills
  • Enduring Power of Attorney
  • Trusts
  • Insurance (towards Capital Acquisition Tax)
  • Tax Relief’s
  • Structures for Incapacitated Individuals
  • Annual Gift Exemption