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A guide to family business succession planning

Friday, 11 February 2022

Succession planning is one of the most sensitive issues, and COVID-19 appears to have concentrated minds in this area.   Topics such as

 

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Tánaiste and Minister Donohoe launch new €90m fund for Irish start-ups

Thursday, 10 February 2022

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD and the Minister for Finance, Paschal Donohoe TD launched a new

 

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EFB-KPMG 2020 Global Tax Monitor

Thursday, 03 December 2020

In this challenging year, KPMG have explored the situation of taxation on family businesses in 54 countries and territories in order to offer an

 

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Thanks again to Neil J. Butler & Co for passing on this useful piece on a having a power of Attourney. We feel that this need to be circulated constantly as it is so important in any turn of events.

 

An Enduring Power of Attorney is a document in which you appoint who should look after your personal and your financial affairs in the event that you are unlucky enough, through accident or illness, to lose your mental capacity.It is only ever intended to become effective IF you lose your mental capacity at some future point in time

 

 

1. You decide who is to look after your personal needs, if required

 

 

2. You can also have your assets or business affairs taken care of in a structured way

 

 

3. You give yourself peace of mind , knowing these arrangements are in place

 

 

4. You can ensure there is no undue financial strain imposed on family due to your illness or disability

 

 

5. While a Will covers things after death , this document governs the period from mental disability to death

 

 

6. It does not activate until something profound happens to you

 

 

7. You can change it or revoke it at any time up to it’s activation, if you wish

 

 

 

 

 

Source: http://njbutler.ie/