Estate Tax Planning

Warren & Partners work with our clients to develop a tax efficient strategy for passing wealth onto the next generation. Typically, this also involves assisting clients in putting in place:

• Tax efficient Wills, and
• In some cases Trust structures.

We have a lot of experience in advising clients on how to achieve their goals in a tax efficient way by:

1. Identifying tax reliefs and exemptions which the client may be entitled to.
2. Taking into account the interaction of other taxes with gift and inheritance taxes.
3. Establishing if any foreign tax exposure arises in relation to the client’s estate.

We are on notice that the rates of gift and inheritance tax will increase in Ireland, possibly before the end of 2011. It is also likely that the tax reliefs and exemptions available up to now may be significantly curtailed or in some cases eliminated. Therefore, we recommend that if you are considering implementing an inheritance tax strategy, that you contact us now to ensure that your strategy is implemented before the next Budget is announced, which is expected in early December 2011.