Larney Gilhooly Lynn Solicitors

05/06/2026

ENDURING POWER OF ATTORNEY IN IRELAND: PART 1
🛑 If something happened tomorrow, who would make your decisions? 🛑
An Enduring Power of Attorney (EPA) lets YOU choose now who steps in later — before you ever lose capacity. In Ireland you can give your attorney power over two areas:
🏡 Property & Affairs — paying bills, managing bank accounts, selling or maintaining property, running a business, handling investments.
❤️ Personal Care Decisions — where you live, who you live with, diet, dress, day-to-day care and participation in activities.
The catch? You can only make one while you HAVE capacity. Leave it too late and your family may face a far harder, costlier process.
It's not just for "old age" — accidents and illness don't wait. 💭
Talk to a solicitor. Future you will thank you. ✅

29/01/2026

What happens when co-owners or beneficiaries can’t agree????

This happens far more often than people realise, but it can be minimised with proper planning. In Connolly v Connolly [2026] IEHC 10, siblings all agreed the property should be sold…They just couldn’t agree how.

Some wanted a developer option. Others wanted an open-market sale. The High Court stepped in and ordered a sale; making it clear that co-owners shouldn’t be forced into speculative or risky arrangements.

Disputes like this are common with inherited property, but clear succession planning, agreed sale mechanisms, and proper advice in advance can prevent years of delay, cost and family fallout.
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24/01/2026

Three things to know about Probate.
1️⃣ It’s much quicker than it used to be. Most Grants now issue within 12 months of the date of death.
2️⃣ Executors need a lot of information. The sooner it’s gathered, the smoother and quicker the process.
3️⃣ The Grant of Probate allows you to collect the estate assets. It’s often several weeks after that before distribution can take place.Probate isn’t instant, but with the right advice, it doesn’t need to be overwhelming.

22/01/2026

Since 2024, renting out your family home while you’re in a nursing home does not increase your Fair Deal contribution.That’s a big change ……but it doesn’t mean there’s no tax, and it doesn’t remove the need for proper succession planning.Fair Deal, income tax, wills, and family dynamics are separate systems and they need to be planned together.

09/01/2026

An important update for unmarried couples 💛
For many years, long-term, committed but unmarried partners were left at a disadvantage when a loved one passed away.
What was previously known as the Widow’s Pension, is now the Bereaved Partner’s Contributory Pension, and it has been extended to include qualified cohabitees.
👉 If your partner died on or before 21 July 2025, To benefit from backdated payments, applications need to be made by 21 January 2026.
👉 If eligible, payments may be backdated to January 2024.
👉 Conditions apply, and eligibility depends on individual circumstances.
This is a welcome and long-overdue change. If you think this might apply to you, don’t assume you’re not entitled — contact your local Social Welfare office or visit gov.ie for more information.

05/01/2026

We’re delighted to share some good news.

Emma Gilhooly, principal solicitor at Larney Gilhooly Lynn Solicitors, has received an Award from STEP Ireland for succession planning, recognising outstanding academic achievement in the STEP Diploma in Trust and Estate Planning. The award was presented in December 2025 at the Law Society, Blackhall Place, Dublin.

This recognition reflects a nationally recognised standard of expertise in succession and private client planning, and places Emma among a small number of solicitors in Ireland with advanced specialist training in this area.

Succession planning is often underestimated. At this level, it involves careful analysis of family circumstances, assets, tax exposure and future risks; including family businesses, land, blended families, ageing parents and incapacity planning. When done properly, it can prevent uncertainty, conflict and unnecessary cost for families in the future.

Our work focuses on structured, forward looking planning; not simply drafting documents, but designing arrangements that support families and businesses over the long term. We are proud to offer this level of specialist private client and succession planning advice locally to families and business owners across Monaghan and the wider North-East.

As a result of increased demand, we are currently taking on a limited number of new succession planning consultations. Once these are filled, clients will have the option to join our consultation waitlist.

Further information is available at www.lgls.ie.

01/09/2025

🌱 Why Most Succession Plans Fail (and It’s Not the Legal Paperwork)

When people hear “succession planning,” they usually think:
📄 Wills
📄 Tax reliefs
📄 Legal structures

And yes — those things matter. But here’s the truth:
Most succession plans don’t fail because the documents were wrong.

They fail because the real conversations never happened.
In families and businesses, I often see:
💬 Communication breakdowns
👥 Tensions between generations
❤️ Emotional ties to the farm, business, or family home
🔄 Struggles with identity — especially for founders letting go

The paperwork can be perfect. But if the people aren’t aligned, the plan won’t work.

That’s why I do things differently. Alongside being a solicitor specialising in trusts and estates, I also hold an Msc in Executive & Business Coaching.

That means I don’t just draft plans — I help families and businesses talk through the difficult stuff, with:
✅ Legal clarity
✅ Safe, guided conversations
✅ A clear path forward everyone understands

Because succession isn’t just a legal process.
It’s a human process — with legal implications.
💡 If you (or someone you know) is facing these questions — whether in a family farm, an SME, or around the kitchen table — get in touch, to see can we help.

Sometimes, the right conversation changes everything.

25/08/2025

19/08/2025

🌟 Really proud to share some news… 🌟
I’m delighted to announce that I have achieved the STEP Diploma in Trusts & Estates and now hold the TEP (Trust & Estate Practitioner) qualification.

This is an internationally recognised mark of specialist expertise in succession planning — and I’m honoured to be able to offer this level of advice to people across Monaghan, Cavan, and Louth.

What does this mean for you?
✅ Guidance that goes beyond the basics
✅ Trusted, accredited expertise in wills, trusts, estates & succession
✅ Peace of mind that your legacy is in safe hands

💡 Succession Planning Advice Grant

For farmers aged 60+ actively farming at least 3 hectares for 2+ years, there is financial support available:
Covers 50% of advisory costs (up to €1,500 excl. VAT)

Applications open until 30 November 2025, with payments issued early 2026

👨‍👩‍👧‍👦 I’m passionate about helping families and business owners protect their hard work for the next generation. With a TEP qualification and grant support available, now is the perfect time to plan ahead.

📩 Get in touch today to find out more. 042-9663444 or www.lgls.ie

11/11/2022

If you are thinking about Switching your mortgage to a new bank for a fixed rate.. Please contact us as soon as possible! Bank of Ireland are increasing fixed rates from the 9th of December even for loan approved customers!