Kevin Doughan, Associate Solicitor, a specialist in our Wills and Probate Unit, will be presenting a series of three breakfast seminars on succession planning with Shannon Chamber.
We often all focus on managing our affairs, property, wealth and our families’ welfare during our lifetime but often neglect to set in place strategies to ensure successful management after our death or incapacity. This series of seminars will guide attendees through the three main areas we all need to address to plan for after our deaths or incapacity to ensure successful and cost effective management of our affairs, property, wealth and families’ welfare.
All of the seminars will take place from 8 am to 9.30 am at the Oakwood Hotel, Airport Road, Shannon, County Clare. Bookings can be made through Shannon Chamber’s website here.
Wills and Trusts
Date: 24th February 2017
This seminar is a must for anyone who has made or is contemplating making a will.
It will focus on the importance of having a will in place, covering the key elements of a valid will and the areas that give rise to problems, and will offer solutions to these pitfalls.
Topics will include spouses, children’s and co-habitant’s rights, cross border issues, guardians, trustees, executors and trusts (for minors and incapacitated beneficiaries).
The effect of divorce and separation on wills and what happens when there is no will, will also be addressed.
Inheritance Tax and Taxation of Estates
Date: 24th March 2017
Q: When does inheritance tax arise and importantly, when does it not?
Q: When is it payable?
Q: What reliefs are available?
Q: How can it be minimised?
This seminar will address all of the above as well as:-
• Pre-death tax planning and posthumous tax planning options available
• Double taxation relief for cross border assets (for those with assets in other jurisdictions)
• Discretionary trust tax, capital gains tax and income tax issues within estates.
Enduring Powers of Attorney and Capacity Issues
Date: 19th May 2017
This seminar will focus on capacity issues and the options available when a person’s capacity deteriorates. A deterioration in capacity can affect the young and the old, so this presentation is important for the elderly, those in business and families of those suffering from incapacity.
The importance of putting an enduring power of attorney in place will be discussed, outlining the necessary steps to put one in place and the obligations placed on attorneys.
The Assisted Decision Making (Capacity) Act 2015 will be explained and an analysis of the key changes introduced, particularly the new decision-making supports available. The Fair Deal Scheme will be covered in brief.