Wills, Administration of Estates and Tax Planning

At Dillon Geraghty & Co. Solicitors we recognize and understand the importance of proper planning to ensure that your assets are distributed according to your wishes on your death. We advise on a wide range of Irish inheritance law and tax planning issues which have legal implications both for you during your lifetime and those who survive you.

Drafting of Wills
Any person over the age of 18 and of sound disposing mind can make a Will. By making a Will you are ensuring that your Estate is administered according to your wishes. We can advise you on making your will, and can draft a will specifically tailored to your unique circumstances. We also act for clients in applying for grants of Probate or Administration in relation to the estates of deceased relatives.

Administering Deceased’s Estate
At this sad and stressful time, we understand the necessity to deal sensitively with Legal Personal Representatives and Beneficiaries in the administration of an estate.

Sometimes it is necessary on a death to extract what is known as a Grant of Representation to the deceased’s estate. This is a legal document which issues from the Probate Office and is required to access the deceased person’s money and to affect a transfer of ownership of property.

From the outset we advise on the administration process and the duties and powers of the Legal Personal Representative in this role. We ensure that funeral expenses are paid promptly. We provide a professional service in extracting a Grant from the Probate Office, arranging the sale of assets as may be required and distributing the net estate to those entitled after payment of any Inheritance Tax.

Tax Planning & Advice
When drawing up your will, we can advise you whether Capital Acquisitions Tax, or Inheritance Tax will affect your estate, and advise of how it can be minimized

Capital Acquisition Tax (C.A.T.)
If you receive an inheritance following a death, it may be liable to Inheritance Tax. Both these taxes are types of Capital Acquisitions Tax. The benefit (the gift or inheritance) is taxed if its value is over a certain limit or threshold. Different tax-free thresholds apply depending on the relationship between the disponer (the person giving the benefit) and the beneficiary (the person receiving the benefit). There are also a number of exemptions and reliefs that depend on the type of the gift or inheritance.