Based in what you have said, you do not intend to benefit personally from your inheritance and you and your mother intend to hand it over to your brother in a way in which he will not pay gift tax. This is more than generous. You or rather the estate should hire a solicitor to assist you and your co-executor to carry out your legal duties. Solicitor's costs should be small relative to the size of the estate (and the amount of work involved and the risk of screwing up the disclaimers).I am trying to go through probate myself to avoid solicitor's costs
I'll disagree with the previous posters and tell you its not that difficult.
If the estate is relatively simple, e.g. house and savings accounts, I would do it myself.
If the estate is relatively simple, e.g. house and savings accounts, I would do it myself.
This is because legal fees are well known to be excessive in Ireland.
Everybody from the IMF to the European Commission have suggested reforms to drive down the massive legal fees in Ireland, yet the Govt has taken little action.
I have heard of probate fees of 10,000 for simple estates of a house and a few savings accounts.
These fees should be 1,000 max, if we had much more use of ICT, more competition, less greed, etc.
Penny wise and pound foolish. You have been left a farm and you are quibbling over having to sell a field to pay costs. Then you are trying a stunt to avoid taxation. This is not as simple as writing out a disclaimer.Thanks, and we may end up having to do that, but I want to give it a try myself first. My uncle didn't leave any money (and we don't have any spare cash), so to pay the solicitor we would have to sell a field or something, which we would like to avoid if at all possible. Any help would be much appreciated.
All utterly irrelevant to the OP's situation though, as was your earlier post. How on earth do you visualise an elderly farmer's bill with the local merchant or co-op, or one in a nearby town, being registered electronically?My comments are not a "big ranting headline".
It is well established that Irish legal fees are way out of line than elsewhere:
....
If all properties and all financial assets/liabilities were registered electronically, then I don't see why a simple estate couldn't be processed for 1,000 max.
My comments are not a "big ranting headline".
It is well established that Irish legal fees are way out of line than elsewhere:
https://www.irishtimes.com/news/hea...nd-are-now-highest-in-western-world-1.2053218
I accept that this isn't a simple estate, that's why I started my comments with "If the estate is relatively simple, e.g. house and savings accounts, I would do it myself."
Boards.ie and AAM are full of cases of simple probate costing 10,000.
Maybe we need a dedicated trade /paralegal type trade to just do probate and conveyancing.
If all properties and all financial assets/liabilities were registered electronically, then I don't see why a simple estate couldn't be processed for 1,000 max.
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