Equity release schemes and the Fair Deal Scheme are two pathways that can help Irish homeowners fund later life care and maintain financial flexibility. But what happens when these two options intersect? If you are considering equity release and foresee the need to rely on the Fair Deal Scheme for future nursing home care, understanding …
Will Equity Release Stop You from Getting Approved for Fair Dea Read More »
Unexpected financial surprises are not uncommon when handling a loved one’s estate, but few things cause as much uncertainty as discovering a forgotten holding of shares months or even years after the estate appears sorted. If you are an executor or family member in this situation, you may wonder if probate is required for a …
What Happens When You Discover Shares After Dealing With an Estate Read More »
Handwritten changes to homemade wills often lead to more heartache and confusion than people realise. A recent High Court case involving property on South Circular Road in Dublin has brought this legal risk into sharp focus. If you’re considering making or changing your will, this case highlights why seeking expert legal advice is so important …
Why Handwritten Changes to Homemade Wills Cause Legal Trouble in Ireland Read More »
The Irish Fair Deal Scheme was introduced to help families manage the often daunting costs of long-term nursing home care. While providing much-needed financial support, many have questioned if it indeed lives up to its name, particularly when it seems to effectively “tax” assets that have already been taxed. Beyond the surface, the scheme, though …
Is the Fair Deal Scheme Really ‘Fair’? A Closer Look at Nursing Home Cost Contributions Read More »
Understanding the complexities of retirement planning can be daunting, especially when ensuring your financial security for the years ahead. An Approved Retirement Fund (ARF) offers flexibility and control over your pension savings, but before you plunge in, it’s critical to understand how ARFs work, their costs, and whether they’re the right choice for you. This …
Approved Retirement Funds (ARFs): What You Need to Know Before You Invest Read More »
The dream of early retirement resonates with many of us. Who wouldn’t want to spend their days travelling, pursuing hobbies, or simply enjoying a slower pace of life without the pressures of a 9-to-5 job? This vision is at the heart of the FIRE movement, which stands for Financial Independence, Retire Early. From viral blog …
Is FIRE the Route to Retirement Bliss? Unpacking the Reality of Financial Independence Read More »
When planning for the future, many individuals choose to place their savings in joint accounts. While this can simplify day-to-day money management and provide easy access for both account holders, questions often arise about how things work when one partner passes away. Specifically, will having all savings in joint names complicate matters or delay access …
Will Having All Our Savings in Joint Names Cause Issues When One of Us Dies? Read More »
Navigating inheritance tax can be complicated, but good estate planning can help ensure your loved ones are not burdened with large tax bills after your death. With recent developments in tax legislation, now is an opportune time to explore strategies to minimise inheritance tax on estates. This guide explores practical ways to legally reduce inheritance …
How to Avoid Leaving Your Loved Ones with a Hefty Inheritance Tax Bill Read More »
The introduction of Ireland’s Assisted Decision-Making (Capacity) Act 2015 has been nothing short of a generational shift in the nation’s approach to capacity law. By replacing the old, binary wardship system with a more nuanced, rights-based framework, the legislation has positioned autonomy and the will of the individual at its core. This represents a departure …
The tragic murder of Valerie French by her husband, James Kilroy, sent shockwaves through the local community and highlighted pressing issues in Irish legal structures regarding guardianship and the administration of estates. This article explores the court case recently determining Valerie’s estate administration, the crucial legal aspects of replacing executors in Ireland, and the legislative …
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Holmes O'Malley Sexton LLP
