The Gazette 1993

GAZETTE

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JUNE 1993

P R A C T I C E

N O T E S

running of the Probate Registries which has been a great advantage and of considerable benefit in recent years to probate practitioners. Specimens of the new summary forms will be available from the various Probate Registries.

favour of the personal representative or beneficiary (as the case may be) should be scut directly to the solicitor. A solicitor should not give an undertaking unless he has sight of the claim form and he is certain that the cheque for the life assurance proceeds will be sent to him.

Probate Office Practice - Charitable Bequests

Practitioners will be aware that, when lodging applications for Grants of Probate of any will containing a charitable legacy, they are required to lodge an additional copy of any such will for transmission by the Probate Office to the Office of the Commissioners for Charitable Donations & Bequests for Ireland in compliance with the statutory obligations of the Probate Office under the Charities Acts. Unfortunately the sheer volume of such wills has presented a serious problem for both the Probate Office and the Office of the Charitable Commissioners. In order to resolve this difficulty, the Probate Office proposes introducing a slightly revised practice whereby solicitors applying for Grants of Probate of any will containing a charitable legacy would lodge a simple summary form supplying details of all such charitable bequests. It is intended that this revised practice shall come into operation with effect from July, 1993. Practitioners are requested to co-operate with the Probate Office in implementing this new practice to ensure the continued smooth

Professional Purposes Committee.

Professional Purposes Committee.

Life Policy Proceeds not paid to Solicitors

Law Society Tax Guide, 1993 - Correction

It has come to the attention of the Society that in certain instances cheques from life assurance companies for the proceeds of life policies are paid directly to the insurance broker concerned. This can result in a solicitor who has given an undertaking in contemplation of receiving such proceeds being placed in an invidious

The Taxation Committee of the Law Society regrets that there was an error in the information published in its Pocket Tax Guide, 1993 which was circulated with the May, 1993 issue of the Gazette. The correct schedule of Stamp Duties payable is as follows:

position if the insurance broker accounts directly to the personal representative.

Under £5,000 £5,001-£10,000 £10,001-£15,000 £15,001-£25,000 £25,001-£50,000 £50,001-£60,000 Exceeding £60,000

Nil 1% 2% 3% 4% 5%

A solicitor should, therefore, take care when completing a claim form on behalf of personal representatives of a deceased that it is clearly stated on both the face of the claim form and in the accompanying letter that any life assurance proceeds cheque drawn in

6% The Taxation Committee regrets any inconvenience caused to members of the profession by its error.

Doyle Court Reporters Principal: Áine O'Farrell

Court and Conference Verbatim Reporting Specialists in Overnight Transcription Personal Injury Judgements -Trinity and Michaelmas Terms 1992 - Now Ready Consultation Room Available 2, Arran Quay, Dublin 7. Tel: 8722833 or 2862097 (After Hours) Fax: 8724486 *E?tceC(ence in Sporting since 1954

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