Estates & Probate
Estates involving multiple jurisdictions can provide particularly complex tax challenges. There are both opportunities and risks involved both in estate planning and in administering an estate. We offer a range of services for individuals planning an estate, beneficiaries, executors and for professional practitioners.
For Individuals
Tax Identification Numbers for Withholding Tax or Tax Clearance
We can assist in obtaining tax numbers for Non-Resident Aliens (NRA) who require a registration for asset holders or executors that need to make tax returns before release of funds. We have an in-house Accepting Agent for obtaining IRS ITIN numbers for NRAs.
Executor or Probate Services
Our New York law office is able to offer US leagl services including Executor or Probate services. We primarily operate in the New York courts as a significant proportion of US estates include assets in the NY jurisdiction and the NY courts will issue grants on this basis. We can also offer services directly or through our partner network across the United States.
Estate Tax Planning
We offer a range of advisory services in planning tax matters including gifts and bequests for both the US and Irish jurisdictions.
Tax Returns
For individuals required to make US and/or Irish tax returns connected with estates or gifts we can assist in completion of returns.
Tax Opinions
For significant value gifts or estate bequests we can offer tax opinions or tax memos to support our clients in heir dealings with the IRS, Revenue Commissioners or State tax authorities.
For Practitioners
Specialist Tax Advice for Irish Legal Practitioners
Our in-house Tax and Legal Professionals can offer B2P opinions or advice for specific issues for your clients. We do not offer direct Irish legal services to the public in accordance with Bar Council rules and only take instruction on Irish legal matters through approved LSRA practitioners.
Specialist Tax Advice for United States Estate Practitioners
Our New York and Dublin offices can offer a range of both legal and tax services to US estate practitioners covering the full range of US and Irish issues. Through partners we can also support issues that arise in Northern Ireland, England and the EU.
US/Ireland Gifts and Donations
Gifts and Donations are treated quite differently under U.S. and Irish law. If you are making or receiving a transfer of assets it is important to review which tax laws apply and plan accordingly. With the correct advice considerable savings on tax can be achieved.
US/Ireland Withholding Taxes
Tax authorities impose a number of withholding tax requirements which can result in delayed or blocked payments of bequests or gifts. If these situations are not approached with correct advice delays can amount to years or excess taxation may be unnecessarily be deducted at source and require considerable work to recover.