Estate Planning
Estate planning helps you organise your assets and wishes to make things easier for your loved ones after you’re gone. It helps ensure your money, property, and decisions are handled the way you want. Proper estate planning now can help reduce taxable burdens on the next generation.
the process
We help protect your assets from unnecessary taxes and legal issues, using tools like trusts or insurance to secure your wealth and support your family's financial future.
Estate planning reduces legal issues and taxes, keeping everything organised and providing peace of mind for you and your family.
This is a personal process, centered on the people and values that matter most. It ensures your wishes are respected and your legacy reflects what’s truly important to you.
We ensure your plan is legally sound and that trusted individuals are in place to make decisions and manage your affairs as you intended.
Have it your way
Estate planning is about making sure your money, property, and other assets go to the right people in the most tax-efficient way. Good planning can reduce inheritance tax, protect your family’s financial security, and make things easier for your loved ones.
In Ireland, the tax-free threshold (Group A) for a child inheriting from a parent is currently €400,000 (July 2025). Anything above this is generally taxed at 33% under Capital Acquisitions Tax (CAT). Careful planning can help reduce or manage this tax.
A Bare Trust is a simple type of trust where the beneficiary is absolutely entitled to the assets from the start. It’s often used to hold assets for children until they reach 18 (or older if agreed). It can be useful for passing on wealth while managing tax and control. You can preserve the CAT by gifting €3,000 a year! Every person can gift €3,000 to another individual under the small gift exemption rules. We have some kids who receive several gifts a year! We can do a really simple low-cost regular savings plan under this structure and it is incredibly beneficial for the next generation!
A Will ensures your assets are distributed according to your wishes. Without one, the law decides who inherits, which may not match your intentions. It can also help reduce delays, costs, and family disputes. They are low cost, and we can put in in touch with several excellent Solicitors who can help in with your will.
A life interest means someone has the right to live in a property for the rest of their life, even though ownership may pass to someone else after they die. It can protect a surviving spouse or partner while still passing the home to children in the future. Worth exploring and we have several Accountants and Solicitors providing that advice on our panel which is especially helpful to the next generation who might want to purchase an interest in the property now with a view to inheriting it down the line.
Regular investing can be very beneficial, buying units on a regular basis smooths out market ups and downs which over time is proven to have a positive effect on your investment fund. This is what we refer to as unit cost averaging. With the Bare Trusts and some savings plans this can help when they are set up with a “long term” mandate into the future.
Yes. Life assurance can be set up to cover potential inheritance tax bills, meaning your beneficiaries get more of your estate. This is often done using a Section 72 life policy.
A Section 72 policy is a special life assurance policy that can be used to pay inheritance tax when you die. If set up correctly, the money from the policy can be used to settle the tax bill without creating another tax charge for your beneficiaries.
A Section 73 policy is a savings or investment plan designed to cover Capital Acquisitions Tax (CAT) on lifetime gifts. It allows you to set aside money over time so your beneficiaries can pay any gift tax that might arise and if the rules are followed, the payout won’t create extra tax. We use a lot of these as they are simple savings plans and can revert as savings plans on your own wishes and not be used as a Section 73 if your circumstances change. Again, very straight forward and low cost to set up even though they sound complicated.
The main difference is timing:
Book a date and time that suits and we’ll have a chat
