Wealth and Estate Planning

Wealth and Estate Planning

Many reliefs could be availed of in order to mitigate such tax exposure

Whether you are planning on passing the family business onto a child or you recently inherit some property, tax is the forefront of every transaction. With careful planning and consideration, many reliefs could be availed of in order to mitigate such tax exposure.

At Clancy and Associates, we seek to combine our tax and financial service teams to enable you make the best decision that works for you, after all, there is no “one size fits all” approach with tax and a person’s personal circumstances.

The main tax heads that you need to consider are Capital Gains tax and Capital Acquisition Tax. In essence, Capital Gains Tax is charged on the capital gain or profit made on the disposal of an asset. Capital Acquisition Tax is tax charged on gifts or inheritances.

However, the legislation around CAT/CGT is not always simple and given that there are significant number of reliefs in this area, it is always advisable to seek the advice of a taxation expert in order to realise any potential savings.

Accurate reporting of CAT/CGT is also essential and something that is often overlooked. At Clancy and Associates, we have the relevant inhouse experts with the expertise and the know-how to advise on any relief which may apply, calculate any liability that may arise and keep full and accurate records on your behalf.

At Clancy & Associates, we work on an advisory basis with individuals and trustees to manage their investments.

Wealth Management

If you have worked hard to accumulate wealth, you will want to ensure that it is invested following your attitude toward and appetite for investment risk.

One of the primary reasons our clients choose Rockwell as their Wealth Manager is the strength of our investment advice process. We collaborate with you to define specific investment goals before designing an investment portfolio to meet those goals.

Risk management is a critical component of what we do for our clients, and we always strive to avoid unpleasant surprises. No investment adviser can guarantee the performance of his or her clients’ investments. What we can do is closely align your portfolio with your objectives and provide regular reviews to ensure that things stay on track as circumstances evolve.

Estate Planning

It is never too late to implement an Estate Planning strategy, but it goes without saying that the sooner you act, the better the plan. Divorce, second marriages, non-marital relationships with children, difficult relationships with children, concerns about in-laws, children in marital difficulties, children with significant debt, children with special needs, complex asset structures, assets in foreign jurisdictions, and the impact of co-habitants legislation are just a few of the complexities that can arise.

Call us today to start the best estate planning experience you could get.