Estate Planning

You may have wondered whether it’s best to leave assets to your family at the time of death or gift assets during your lifetime.  One thing is for certain, if you act now, you have options. Failing to plan may result in these assets being reduced by Capital Acquisition Tax (CAT) in the form of inheritance or gift tax.

The dual effect of increased CAT rates and the reduced tax free thresholds over the last number of years means estate planning has become a consideration for a greater number of people.

 

Capital Acquisition Tax Thresholds

Group Relationship to Disponer Current Threshold
A Son/Daughter €335,000
B Parent/Brother/Sister

Niece/Nephew/Grandchild

€32,500
C Relationship other than Group A or B €16,250

Our advisors specialise in estate planning tax efficient strategies that can be accessed through life assurance arrangements.  We can also advise on the various types of relief and exemptions that apply to inherited or gifted assets. These include:

  • Agricultural relief
  • Business relief
  • Spouse or civil partner exemption
  • Family home relief

Client Testimonials

Barry is a world-class pension and financial adviser. His technical knowledge is second to none. As importantly his understanding of each client’s individual requirements is exceptional. His empathy is unique and often missing in the business world. I highly recommend Barry without hesitation.
Mary Nyhan – Nyhan Tax Advisers – April 2022

In achieving our dreams, and braving steps that move towards that, good financial planning advice enables us to take those steps with focus and confidence.Bellwether Financial does that. The individual plan is key. Bellwether ensures it is a personally relevant one.
Dr. Miriam Kennedy – Consultant Psychiatrist, Psychotherapist &Senior Lecturer – March 2016

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