Wills and Estate Planning

Wills

There is really no good reason not to make a will. Making a will allows you to dictate through clear instructions how you want your assets distributed after your death. You can appoint guardians to take care of your minor children and make provision for their future, possibly through the creation of a trust.

Following comprehensive tax and estate planning you can assist in preserving the value of your estate following your death.

Making a will provides peace of mind by allowing you to organise your affairs as you wish, and you will have security in knowing that you have made provision for your family.

If you don’t make a will, your estate will be distributed according to Irish Law, and this may not be in accordance with your wishes on how you would like your estate divided.

We in David J. O’Meara & Sons provide wide-ranging advice on preparing your will ranging from the most straight-forward to complex wills involving tax planning and the creation of trusts. We will go through your options with you and provide advice on your rights and obligations.

Trusts
Tax planning

Making a will can not only provide for your family as you wish in the event of your death, but can also provide peace of mind that your estate will be distributed in the most tax efficient way possible. A beneficiary in a person’s estate may be liable for inheritance tax, or the estate may have to pay Discretionary Trust Tax or Capital Gains Tax. Through careful tax planning these tax liabilities can be anticipated and adequate provision made. At David J. O’Meara & Sons, we have many years of experience in providing advice to people making their wills, and will be happy to meet with someone and formulate a plan of action for their family in the event of their death.

Trusts
CAT
CGT

Contact either David O’Meara at david.omeara@djomeara.ie or Kevin O’Meara at kevin.omeara@djomeara.ie with any queries in this area.