How to give away your money before you die

Know your options, whether you wish to transfer wealth to your offspring or donate

‘I would see situations where parents have drafted a will, and given a copy to every member of the family.’ Photograph: iStock

‘I would see situations where parents have drafted a will, and given a copy to every member of the family.’ Photograph: iStock

James Bond (or at least the actor who plays him) might find the concept of inheritance “distasteful” but, for most people, leaving something to those you care most about – and being a beneficiary of this good fortune – is a good thing.

Earlier this month Daniel Craig, the actor in the latest incarnation of 007, said his philosophy on wealth is to “get rid of it or give it away before you go”. Easy, perhaps, for someone with multimillion fortune to proclaim; but the fall-out caused by inheritance is an issue that affects many Irish families.

The Irish Times
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