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Assisted Decision-Making (Capacity) (Amendment) Bill 2021: Draft General Scheme & Heads of Bill

Step Ireland recently submitted letters to Ms. Aine Flynn, Director of Decision Support Service and Ms. Alice White, Registrar of Wards of Court regarding the taxation implications where assets belonging to wards are transferred from long term to shorter term investments.

To read the letter sent to Aine Flynn, please click here.

To read the letter sent to Alice White, please click here.

Further updates will be posted to the STEP Ireland website.

STEP Ireland Virtual Panel Discussions 2022

The popular STEP Europe Virtual Panel Discussions are returning to discuss the current issues and developments facing practitioners in Europe and further afield.

This series of six webinars will run once a month from January through to June 2022. All webinars are free of charge and available to members and non-members wherever you are based.

Our expert panel of speakers represents many countries across Europe and the webinars cover a range of topical subject areas.

Amanda Jayne Comyn TEP will be representing STEP Ireland on 22nd June when she will be contributing to the panel for a discussion on the effects of Brexit and its affect on trusts and estate planning.

The webinars will be live, with opportunities for Q&A, but all webinars will also be recorded so that you can re-watch them on-demand afterwards.

STEP Ireland & Law Society Probate Update 2022

Aim and Objectives
The aim of this seminar is to provide general practitioners with an overview of recent and on-going developments in probate, administration and taxation practice from a practical perspective.  Topical issues of concern and interest will be covered in this comprehensive probate update. The seminar is designed in collaboration with STEP and the Taxation Committee and the Probate, Administration of Estates & Trusts Committee of the Law Society.

Topics and Issues to be covered
• General Probate update
• Tax update for the probate practitioner
• CRBOT update
• Will challenges

Chairperson
Barry Kennelly, Chairperson STEP

Speakers
John Cuddigan, Partner, Ronan Daly Jermyn, Cork. 
John Cuddigan is Head of Ronan Daly Jermyn’s Tax Practice and specialises in the provision of corporate and business tax advice to corporates and individuals. John has advised on all aspects of Irish direct and indirect taxation for companies and individuals and has significant experience in the areas of corporate restructuring, property transactions and restructuring, remuneration strategies and tax structuring of businesses in Ireland. He also has extensive experience in the areas of tax appeals and Revenue audits. John has lectured extensively and presented seminars on various tax matters for the Irish Tax Institute and the Law Society of Ireland and is incoming Chairman of the Taxation Committee of Law Society of Ireland. He was co-author of the Institute publication on the Irish Finance Act (FINAK) from 2008 to 2014.  He is also a member of the taxation committee of the CCBE (Council of Bars and Law Societies of Europe).

Anne Marie Maher BL 
Ann Marie Maher was called to the bar in 2006 and is a Junior Counsel with a specialist practice in Chancery Probate and Succession Law. Anne Marie has particular experience in dealing with claims for and against estates under the Civil Partnership and Certain Rights and Obligations of Cohabitants Act, 2010 (“the 2010 Act”). She has lectured on the Law Society PPC II course in the area of Wills, Trusts and Probate and on the Law Society/STEP Diploma in Wills, Trust & Estate Planning and on the Barrister-at-Law course at the Honourable Society of Kings Inns and has presented to the DSBA and other professional bodies on probate practice and the surviving rights of cohabitees under 2010 Act.

Aileen Keogan Keogan Law & Tax
Aileen Keogan Solicitor CTA STEP is the founder of Keogan Law & Tax www.klt.ie, a boutique private client legal and taxation firm. Her practice focuses on Irish succession planning both international and domestic, advising on estates, trusts and capital tax matters, in particular as consultant to solicitors and accountants and other tax advisers. Aileen has specialised in these areas for over 25 years. Aileen has published widely on estate and trust planning, including The Law & Taxation of Trusts (Keogan, Mee and Wylie, Tottels 2007) and the Law of Capital Acquisitions Tax, Stamp Duty and LPT (ITI annual publication) and the Wills section of Laffoy’s Conveyancing Precedents (Bloomsbury, annual). She is an elected council director of the Irish Tax Institute, a Law Society of Ireland’s Probate, Administration and Trusts Committee member, its representative at TALC, a committee member of STEP Ireland and its representative in STEP Europe.

Anne Stephenson, Principal Stephenson Burns Solicitors, Dublin, Member Probate, Administration and Trusts Committee
Anne is a member of STEP, the Probate Committee of the Dublin Solicitors Bar Association and is the current Chair of the Probate Administration and Trusts Committee of the Law Society of Ireland. Anne has practised and taught law for more than 25 years. Anne lectures and tutors on the Law Society’s PPCI. Anne is a co-founder and former vice president of Solicitors for the Elderly Ireland and is a co-author of three Oxford University Press books. In her practice, Anne has been retained by major financial institutions, private clients, and other professional legal and financial firms both within Ireland and overseas to provide advice and services in the areas of Wills, Trusts, Capital Taxes, Estate Planning, Probate, and the Administration of Estates.

STEP Europe Conference – 11th-12th March 2021

Irish solicitor Justin Spain will be speaking as part of a panel of experts from 15 different countries.

Register before 20 January 2022 to save 115 EUR as a STEP member.

Hear from expert speakers on key topics including:

New perspectives in wealth management and succession
– Wealth management and succession in a ‘post’-pandemic world.
– What has changed? What still works? What doesn’t?
– Evolving client attitudes and priorities and how to respond.

UBO registers in Europe: what is new?
– UBO Registers under the 5th AML Directive and the forthcoming “AML Package”
– The specific enactment in some selected EU member states
– UBO registers and the special situation of trusts and foundations
– The foreseeable developments under the decisions of the European Court of Justice.

Lessons from the pandemic: towards new principles for tax residence of individuals and corporations?
– Lessons learned from CovidDevelopments in a selection of jurisdictions.

Cross-border planning for the modern, global family: a case study
– Cross-border succession planning – more than just a will?
– Internationally diverse and mobile families: how simple can it be?
– Inheritance: the do’s and don’ts
– Family wealth succession planning.

And much more, offering you new perspectives, principles and insights from across Europe! 

STEP Ireland End of Year Conference – 19th & 26th November

STEP Ireland are delighted to host a virtual conference to be held on Friday 19th November 2021 and Friday 26th November 2021 which will be hosted by Davy.

The timetable will run as follows:

Friday 19th November 2021 (2.5 CPD Hours) 

  • Tina Quealy, Chairperson, STEP Ireland  – Opening and welcome: 9:20 to 9:30  
  • Richard Frimston, Russell Cooke Solicitors – Update on EU Succession Regulation 9:30 to 10:15
  • Gráinne Duggan, BL, CTA, TEP – Litigation Update: 10:15 to 11:00
  • Coffee 11:00 to 11:15
  • Lydia McCormack, Matheson and Eilis Murray, Philanthropy Ireland – Philanthropy in practice – the why, the how and the when: 11:15 to 12:00
  • Q and A – 12:00 to 12:15

Friday 26th November 2021 (2.5 CPD Hours)

  • Aileen Keogan, Solicitor & Tax Consultant – Update on Central Register of Beneficial Ownership of Trusts (CRBOT): 9:30 to 10:15
  • Lisa Cantillon and Niall Connolly, KTA – Private client tax update: 10:15 to 11:00
  • Coffee – 11:00 to 11:15
  • Martin Kennedy – Davy, Overview of Section 72 and 73 policies: 11:15 to 12:00
  • Q and A – 12:00 to 12:15

Costs:

Members: €60 per session or €100 for both sessions

Non- Members: €75 per session or €130 for both sessions

To Register: Click hereFollowing registration, the login details will be sent to you in advance of the webinars

Queries: rsvp@davy.ie

CBROT Webinar- Central Register of Beneficial Ownership of Trusts

A practical discussion on the new CRBOT, hosted by Barry Kennelly and joined by Aileen Keogan (solicitor and tax consultant) and Mick O’Connor (CRBOT Registrar), Suzanne Sheahan (Assistant Registrar) and Nicola Moran (Revenue).

The session equates to 1 Regulatory CPD point.

Click the link to view: https://youtu.be/p1a8JGk61sM

STEP Ireland Seminar Wednesday 7 July 2021

STEP Ireland and Southern Law Association

Dear members and guests

STEP Ireland are delighted to host the second in our two part series of joint webinars with the Southern Law Association in association with Finders International.

We have a fantastic line up of speakers for our webinar, as follows:

>Catherine Duggan BL will speak on the Monday morning non-contentious probate list;

>Lorna Fleming of Finders International will discuss probate genealogy successes; and

>Stephen Gahan, Chartered Tax Adviser of ODG Advisory, will discuss key tax considerations from a succession planning perspective.

Date & time: Wednesday 7 July at 2pm – 4pm

Cost: Free to attend

CPD: 2 hours

Register to attend HERE

STEP Ireland Seminar Wednesday 23 June 2021

STEP Ireland and Southern Law Association

Dear members and guests

STEP Ireland are delighted to host our annual joint seminar with the Southern Law Association in association with Finders International.

We have a fantastic line up of speakers for our webinar, as follows:

  1. Patricia Hickey, General Solicitor for minors and wards of court, will speak on wardship practical guidelines
  2. Lorna Fleming of Finders International will discuss research for wards of court cases
  3. John Glennon, Probate Officer, will discuss recent updates in probate procedure

Date & time: Wednesday 23 June 2pm-4pm

Cost: Free to attend

CPD: 2 hours

REGISTER TO ATTEND HERE

STEP Ireland Webinar Wednesday 16 June 2021

Financial Planning Tips and Traps

Dear members and guests

STEP Ireland are delighted to have Marc Westlake Chartered, Certified and European Financial Planner Professional and Trust and Estate Practitioner (TEP), Managing Director of Global Wealth, provide an update on financial planning tips and traps.

Using recent matters as case studies, Marc will highlight some of the opportunities and pitfalls for practitioners to look out for in their practice and perhaps even in their own financial arrangements, to include addressing the following:

  1. Don’t let the tax tail wag the investment dog (unless you live in Ireland);
  2. All things pensions and retirement planning including how the IORP II Directive will change retirement planning in Ireland;
  3. The Sustainable Finance Disclosure Regulation and why we all hold the key to dealing with climate change; and

Common and avoidable mistakes in financial planning decisions.

Date and time: Wednesday 16 June at 1pm

Cost: Free to attend – no registration is required

CPD: 1 hour

Join the Webinar here

STEP Ireland, STEP NI & Chartered Accountants Ireland Conference Thursday 13 May 2021

Dear members and guests

We would like to invite you to attend the Joint STEP & Chartered Accountants Ireland Conference.

The conference will cover:
 
Cross Border Taxation for the Wealthy – Alan Gourley, Grant Thornton (NI) and Alison McHugh, Deloitte

  • >Overview of Irish and UK inheritance tax regime to include a perspective around Irish Revenue and HMRC’s High Wealth Individual’s unit and what the speakers are encountering in this area.
  • >Business Property Relief – From both an Irish and UK perspective, as well as a focus on the key differences.
  • >Case studies – six case studies to illustrate the interaction of Irish and UK estate taxes where individuals have assets across jurisdictions.

Domicile and Estate Planning for Clients with Cross Border NI/ROI Issues – Cormac Brennan, O’Connell Brennan Solicitors and Sheena Grattan, Barrister of Law, Northern Ireland

  • >Outline of the legal concept of domicile with a focus on estate planning for clients with cross border NI/ROI issues, including the application of the conflict of law rules, and addressing the following matters:
    • >Where is my client domiciled, and in what circumstances could their domicile status change or be in doubt?
    • >What are the objective indicators of domicile?
    • >What laws apply to my client’s assets on their death – where should they make their Will(s)?
    • >Why is domicile important for an estate planning analysis – what turns on a client’s domicile?
    • >What are the common pitfalls around domicile in a NI/ROI estate planning context?
    • >What planning is specific to a NI/ROI case?

Some typical worked examples of common NI/ROI estate planning.

Details Date & time Thursday 13 May at 9.30am – 12.30pm
Cost* EUR112.50/GBP90
 CPD 3 hours    

* If you are eligible for the discount as a STEP member, use the Promo code: STEP 21