A significant transfer of wealth is on the horizon as Ireland’s population ages
Individuals are highly motivated to pass on wealth in the most tax-efficient manner possible, however many are not taking the necessary steps, by making a financial plan for inheritance.
Within families who have taken advice, only a minority have shared their inheritance plans with their children – despite children being considered overwhelmingly the most important intended beneficiaries.
When we address the Sucession planning issues in detail, we can help people talk more openly about it and, more importantly, plan their financial legacies more effectively.
The result is a detailed Plan that lays out a wide-ranging framework for understanding the complexities of inheritance, from managing assets and tax exposures to preparing the next generation to acquire wealth of their own.
• Straightforward guidance on managing gift and inheritance taxes for major asset classes.
• Options for gifting while still living.
• How to pass on property in a tax-efficient manner.
• Ideas for tackling business succession and transferring business ownership