Matheson LLP An Interview with... Estate Planning and Asset Protection in Ireland: A Guide for High-Net-Worth Individuals 54 LAWYER MONTHLY DECEMBER 2024 Estate planning is a critical component for highnet-worth individuals looking to secure their assets for future generations while minimizing tax liabilities and protecting wealth from potential risks. In Ireland, various investment vehicles, including trusts and family limited partnerships, are commonly used to achieve these goals. This interview with John Gill, Maeve Lochrie and Rebecca Dorrington of Matheson explores key estate planning strategies in Ireland, offering valuable insights into the legal, tax, and practical considerations involved in protecting assets, preserving wealth, and ensuring that one’s estate planning objectives align with broader financial goals. We dive deep into the most effective structures for wealth transfer, risk mitigation, and the latest regulatory changes that impact estate planning in Ireland. What are the most commonly used investment vehicles in Ireland for estate planning, and how do they contribute to asset protection for high net worth individuals? Two of the most commonly used investment vehicles in Ireland for estate planning are family limited partnerships and trusts. Family limited partnerships allow families to pass assets to a structure whereby the general partners (typically parents) retain a degree of control over the partnership assets (which could be investments or trading assets), which they wish to share and / or pass to their children during their lifetime. Management decisions, such as investment strategy and distributions of partnership assets remain with the general partners, and where Wills are John Gill Partner and Head of Private Client Maeve Lochrie Senior Associate Rebecca Dorrington Senior Associate
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