Discretionary
Trusts
The Benefits of
Discretionary Trusts
A discretionary trust can be a very useful vehicle as part of estate planning. They can be utilised to offer protection to vulnerable potential beneficiaries as well as to postpone significant gift or inheritance tax liabilities.
We can advise on the following:
- What is a discretionary trust for Irish tax purposes
- Tax planning benefits of using a discretionary trust
- Initial and annual tax costs
- Impact of tax residence and domicile
- Anti-avoidance tax provisions
- Reporting requirements
This can be a complex area of tax law and requires a detailed review of the circumstances and relevant documentation.
