How to ensure your will is tax-efficient
Proper estate tax planning is paramount if you want to secure your family’s future, according to Rory Coll of Galway-based tax specialists Coll & Co
Nineteen countries have abolished inheritance tax, but unfortunately Ireland isn’t one of them. Proper estate tax planning is important, Rory Coll, managing director of Coll & Co, said.
Australia, Canada and Sweden have abolished inheritance taxes with the goal of encouraging wealth to be kept in the country and the tax-free exemption in the US is over $12 million.
“However, the maximum a child can receive tax-free in a lifetime from their parents in Ireland ...