Inheritance tax is a tax paid by a person who inherits money or property from a person who has died. In Ireland, it’s a type of Capital Acquisitions Tax (CAT) as opposed to the UK, where the estate of the deceased is liable for the tax. An estate tax is a levy on an estate, […]
An executor is the person named in a will, as nominated by the testator, who will carry out the instructions of the will. The executor is responsible for distributing assets of the deceased’s estate as soon as possible. These assets must be preserved and given to the entitled beneficiary as instructed by the will. Not […]
A discretionary trust is a legal document, which if correctly drafted, creates a legal relationship between the “settlor”, the person setting up the trust, the “Trustees”, the individuals selected to manage the trust, and the “beneficiaries”, the persons for whose benefit the trust was created. Definition and Structure Discretionary trusts are more flexible and complex […]
Have you ever heard the term “mitigate your loss” and wondered what it meant? Legal terms are often misunderstood, but we’re here to help. Join Paul Murran as he explains exactly what this means.
An investigation of title is a legal term that refers to the process of reviewing documents related to a property and identifying any potential problems with the ownership. The information gathered during this process can be used to resolve issues or transfer ownership in cases where there are disputes over who owns what land. The […]
Conveyancing is the transfer of legal title of real property from one person to another, translated into plain English, it is the process of buying or selling property. The conveyancing process requires input for number of different people including, vendors, purchasers, auctioneers, architects, banks, mortgage brokers and solicitors. A good Solicitor should explain how the […]
When selling a house, it is necessary to register the new ownership of the property. A conveyancing solicitor reviews the “title”, ie., the ownership history and specifics, of the property being sold. The process of reviewing title can be complex and requires a properly trained Solicitor to do so, any missed steps or mistakes can […]
Mortgage transactions are long-term credit arrangements (loans) that are normally taken out to finance the purchase of land or property. Mortgages are usually taken out through a bank but can also be done through the local authority or privately between individuals. It is a transaction in which a person borrows money from lender. The mortgagor […]
Farm transfers and succession planning are amongst the biggest decisions a Farmer will have to make in the course of their lifetime. Farm Succession Planning should be a collaborative process and should include discussions between the family, Accountants, Famer Consultants and Solicitors. Succession planning should not be left until the last minute, i.e. the eve […]
The Non-Principal Private Residence Charge (NPPR) was an annual charge payable from 2009 to 2013. The charge was payable by those who owned more than one property, i.e. it was a tax on additional homes. There was an exemption for NPPR charge on everyone’s principal private residence. The NPPR charge is no longer in place […]
