This article is from page 87 of the 2008-09-23 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 87 JPG
The Citizens Information Service will host an information seminar on wills, inheritance and tax at the Temple Gate Hotel Ennis on Monday September 29 at 8pm.
The event which is open to every- one and free of charge will explain the steps to drawing up a will and will also discuss the legal situation where a person dies intestate. There will be a detailed consideration of the tax implications on gifts and in- heritances and the various reliefs and exemptions that are available.
The information evening will also address the rights of spouses and children to the estate of a deceased person and the issue of legal compe- tence in making a will.
Research undertaken by Amarach Research for the Irish Banking Fed- eration (IBF) indicates that only 45% of all adults have made a will; and among those who have not, only 21% intend to do so in the next 12 months. and only one in five intend to make a will in the next 12 months
Paul Woulfe Manager of the Citi- zens Information Service believes that for Irish consumers property- based wealth has made the issue of drawing up wills more urgent than ever because legacies can be conten- tious and having a will simplifies matters for those you leave behind. The costs should not be excessive and can be invaluable when offset by the benefit of exercising personal
planned choice and control in your affairs while also likely reducing tax liabilities.”
‘Everyone who has both property and loved ones should have a will. The reality of the human condition cannot be denied. Do you want your property ultimately to be distributed in accordance with your wishes or a forty-year-old statute? Arrange to see a solicitor today. Make a will. It won’t kill you!” added Paul Wolfe
Catriona O Connor BCL LLM Dip Property Tax with Kerin, Hickman & O Donnell Solicitors will discus the legal formalities to be satisfied when drafting a valid will. She will also consider the limitations on a person’s freedom to dispose of their property as they wish in a will and what happens to a person’s property where they die without having made a will. Also discussed will be the various steps involved in adminis- tering an estate and explain what the role of an executor 1s 1n this process. She will explain the tax implications for beneficiaries of inheriting prop- erty and detail the various reliefs and exemptions that could be availed of in order to minimise any potential tax liability.
For further information on your rights and entitlements you can contact your local Citizens Infor- mation Centre who offer a free and confidential service by phone and to personal callers at any of their of- fices throughout the county Tel : 065 6841221