By our nature Irish people are uncomfortable discussing their “Wealth” in any meaningful way – typically until it is too late.
We have worked on numerous cases where, with some planning, significant liabilities could have been mitigated – but this would have required discussing their accumulated wealth with others and many are still very uncomfortable with this.
Our services on Inheritance Planning mirror those on Succession Planning whereby the foundations of the plan are derived from meaningful conversations with those that wish to pass on or protect their asset base. While much media attention has been given to Business Succession, the passing of family wealth in a tax-efficient manner doesn’t ever achieve the same level of attention. This lack of attention however should not take away from its importance.
Below we capture some of the headline matters that impact on the Inheritance Planning decision making process. As with all such decisions active engagement throughout the process is key to a successful outcome.
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