Private Client Services
At our firm, we understand the importance of providing personalised and expert advice to private clients. Our Private Client Department is dedicated to delivering tailored solutions to meet the unique needs of individuals and families. Our team of experienced solicitors work closely together to provide comprehensive advice on all aspects of private client law, including estate planning, and asset protection.
We recognise that every client’s situation is unique, and we take the time to understand their individual circumstances, goals, and concerns. Our expert advice is designed to help private clients navigate the legal complexities of inheritance tax, capital taxes, and other tax implications, ensuring that their assets are protected and their wishes are respected.
Our private client services include:
- Estate planning advice and guidance on wills, trusts, and succession planning
- Legal advice on tax planning and structures to minimise inheritance tax and capital taxes
- Asset protection strategies designed to safeguard family assets and wealth
- Expert advice on contentious probate matters and estate administration
- Guidance on international assets and cross-border estate planning
Estate and Succession Planning with Inheritance Tax Considerations
Estate and succession planning helps you determine the best way to transfer your wealth on to future generations. It involves deciding who should benefit from your estate, at what time, and how your wishes should be carried out. It usually involves making a will to set out who should inherit your estate. If you have a complex family or wealth structure, it may involve other steps such as creating trusts or family investment companies. You may also need to appoint professionals to oversee our estate and succession planning.
A customised asset protection strategy designed to minimise tax implications and streamline the estate planning process is crucial. This strategy not only protects assets but also alleviates financial burdens and stress for families after the owner’s passing.
Succession planning can help you:
- Give your family realistic expectations of their inheritance
- Inform the next generation of their responsibilities
- Minimise inheritance tax
- Manage assets in different countries
- Decide how to transfer control of your business and its assets
- Consider how to make provisions for charity
- Plan for the possibility that you may lose your mental capacity to manage your own affairs.
- Appointing professionals to manage your estate.
Wills
A will is a written document in which you set out how you want your assets to be distributed when you die. It only takes effect when you die, so you can do what you like with your property while you are alive. You can revoke your will or change it at any time up to your death.
As well as taking care of your assets, your will can also set out who will look after young children in the event both parents die. Your solicitor will help you to make a will that suits your individual circumstances. They will advise you on creating a will that:
- Takes care of your dependents
- Complies with current tax legislation
“Living Wills”
An enduring power of attorney or “living will” is a written legal document that allows a person (the donor) to choose someone to act on their behalf in the future in the event that they become mentally incapacitated. An enduring power of attorney only operates when the person is incapable of making their own decisions and has been registered. The document will lie dormant until that point in the future. Up until then they are free to make all their own decisions.
Trusts
Trusts are sometimes used to reduce the tax burden on beneficiaries. Subject to specific family law provisions, assets placed in trust do not legally form part of the estate on death because they were legally placed in the beneficiary’s ownership on the establishment of the trust.
International estate planning
International estate planning enables you and your family to get the most out of your assets whether you are based in Ireland and own assets overseas or you’re based overseas and own international assets. Effective international estate planning includes:
- Reducing tax liabilities
- Transferring wealth between countries
- Moving to a new country
- Changing your tax domicile (your permanent residence for tax purposes)
- Maintaining family control of assets
- Gifting capital and capital assets
- Creating income for family members based internationally
- Protecting assets for the future
- Succession planning
- Transferring wealth to family members pre- and post-death.
Probate
Probate is a complex legal process that relates to matters associated with a deceased person’s assets. If you are the executor or beneficiary of a will you will have to deal with probate. You are advised to consult a solicitor to guide you through the process.
Will, Trust & Estate Disputes and Contentious Probate Matters
It is hard enough to lose a loved one, but if there is conflict over their estate or will, the suffering intensifies. Consulting an experienced solicitor to help you with a will, trust & estate dispute can make the process less painful. Here are some of the situations you may need legal guidance with:
- Contesting a Will
- Contentious probate
- Inheritance Act claims
- Trust disputes
- Professional negligence
- Concerns over the deceased’s mental capacity to make a will
HOMS Assist’s team of wills, probate and trusts solicitors in Dublin, Limerick and Cork can support you in every legal aspect of planning for your future and in assisting you if a loved has died or has lost their mental capacity.
We have a dedicated highly qualified and experienced private client team specialising in wills, probate, trusts, powers of attorney, inheritance tax planning and contentious probate matters such as contesting wills and inheritance disputes.
Our specialist wills and probate solicitors offer practical and expert advice tailored to your individual circumstances.
Why Choose Our Firm
At our firm, we pride ourselves on our expertise, experience, and commitment to delivering exceptional service to our private clients. Here are just a few reasons why you should choose us:
- Expertise: Our team includes experienced solicitors who are members of the Society of Trust and Estate Practitioners (STEP).
- Personalised Service: We take the time to understand each client’s unique circumstances and goals, providing tailored advice and guidance.
- Comprehensive Advice: Our team works closely together to provide comprehensive advice on all aspects of private client law, including estate planning, tax planning, and asset protection.
- Potential Tax Implications: Together with your tax adviser, we help our clients navigate the complexities of tax planning, minimising inheritance tax and capital taxes, and ensuring that their assets are protected.
- Family Members: We understand the importance of protecting family assets and wealth, and we provide expert advice on asset protection strategies designed to safeguard family members..
- Estate Planning: We provide expert advice on estate planning, including wills, trusts, and succession planning, ensuring that our clients’ wishes are respected.
- Estate Administration: We provide guidance on estate administration, including contentious probate matters, ensuring that our clients’ assets are protected and their wishes are respected.
- Succession Planning: We provide expert advice on succession planning, including international assets and cross-border estate planning, ensuring that our clients’ assets are protected and their wishes are respected.
- International Assets: We provide expert advice on international assets and cross-border estate planning, ensuring that our clients’ assets are protected and their wishes are respected.
By choosing our firm, you can be confident that you will receive expert advice and guidance on all aspects of private client law, ensuring that your assets are protected and your wishes are respected.
