Trust and Asset Protection
Trusts are a very useful tool to be considered when transferring assets to the next generation in a controlled manner. They can be very robust structures when wishing to transfer assets tax efficiently but also wishing to preserve the capital value of the assets. Trusts are also useful when a protective structure is required to protect individuals who are incapacitated or exposed to third party creditor issues and/or family law issues.
The taxation and regulation of trusts is complex and requires specialised legal and tax input. We offer tailored advice specific to each individual client’s requirements in relation to the establishment, administration and winding up of trusts.
Separately, we can also advise on trusts established outside of the Republic of Ireland. Such trusts are subject to complex anti avoidance rules.
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