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Notice to Clients – Liddy Neilan LLP Solicitors

Notice to Clients of Authorisation of Liddy Neilan Solicitors to operate as an LLP (Limited Liability Partnership).

S.I. No. 519/2019 – Legal Services Regulation Act 2015 (Limited Liability Partnerships) (Section 130) Regulations 2019.

Under the Legal Services Regulation Act 2015 (Limited Liability Partnerships) (Section 130) Regulations 2019 (S.I. 519 of 2019) we are required, as soon as practicable after we have been authorised to operate as an LLP, to provide the following information to our clients and creditors:

(a) Liddy Neilan Solicitors has been authorised to operate, and is now operating, as an LLP (hereinafter called “the LPP”);
(b) The LPP has been authorised with effect from 4th April 2022;
(c) From 4th April 2022, as set out in section 123 of the Legal Services Regulation Act 2015 (subject to the exceptions listed therein), a partner in the LLP has no personal liability for any debts, liabilities or obligations which are incurred for the purpose of carrying on the business of the LLP (whether these are liabilities of the LLP, of himself or herself, of another partner or partners in the LLP or of any employee, agent or representative of the LLP) and however such liability may arise;
(d) That (c) above relates only to the personal liability of partners and does not prevent or restrict the enforcement against the property of the LLP of any debt, liability or obligation; and
(e) that from 4th April 2022 the Partnership Act 1890 applies to the LLP to the extent that it is not inconsistent with Chapter 3 of Part 8 of the Legal Services Regulation Act 2015.

For further information regarding Limited Liability Partnerships please refer to www.lsra.ie

Dated: 4th April 2022

News

Liddy Neilan opening hours regarding Covid19

Over the coming weeks, Liddy Neilan Solicitors will be operating our normal business hours (09:00 – 17:00 | Mon – Fri).

However, we will endeavour to do as much as possible over the phone and we will limit appointments to those of an essential nature only.

We will be following HSE advice regarding social distancing, handwashing and refraining from hand-shaking. Please contact us if you have any questions or concerns.

Keep safe and well.

Reasons to make a will Liddy Neilan Solicitors
News

Top 5 Reasons to Write Your Will Today

According to a recent survey, 7 out of 10 Irish people have not made a will.

The survey, conducted by life, pensions and investment company Royal London of 1,000 Irish adults nationwide found that 36% said they do not have a will in place, with another 36% “putting it on the long finger”. 29% believe that starting a family would be the perfect time to create a will while 23% believe the right time is when buying a house. However, the best time to write a will is now.

So, why is it so important to “get your affairs in order”? Well, the list is endless we list the top 5 reasons below:

  1. Most obviously, and importantly, having a will in place provides legal clarity over what a person wants to do with their estate and assets after the die. Without a will, the law determines how a person’s assets are distributed.
  2. When a spouse dies, most people tend to pass on the estate in its entirety to their husband / wife. However, without a will, any assets not held in the joint names would pass under the Rules of Intestacy. This means that if you die without leaving a will and you are survived by a spouse and children your estate will be divided as follow- 2/3 to your spouse and 1/3 equally between your children.  This can cause difficulties in relation to the family home and if children are under the age of 18 at the time of your death.
  3. Without a will in place it may make things difficult financially for the beneficiaries.
  4. By having a will in place it will ensure that you can engage in tax planning in order to minimise the inheritance tax liability of the beneficiaries.
  5. Peace of mind – knowing that you have provided written clarity around all of your wishes and assets relieves stress and allows you to put your mind at rest.

At Liddy Neilan, we advise executors, personal representatives and beneficiaries of their duties, rights and entitlements in relation to the administration of a deceased’s estate.
We also have experience in drafting and registering enduring powers of attorney and dealing with wards of court applications.

Call us today to discuss your will and wishes. We would be delighted to talk you through the process.