Expertise

Paraic Madigan is a member of the Private Client Department at Matheson. He advises on personal estate and tax planning, wills, trusts and international estates. He has particular experience in trust and estate disputes, whether advising personal representatives, trustees or beneficiaries.

His work also includes advising individuals and families on investment vehicles, appropriate trust structures and the transfer of assets by gift or inheritance for estate planning and asset protection purposes. He also advises clients on tax planning when moving to Ireland and the taxation implications for beneficiaries of offshore trusts.

Paraic also advises charities, not for profit organisations and donors in relation to charitable giving.

Paraic is an associate of the Irish Taxation Institute (Chartered Tax Advisor) and a former member of the Council of STEP (Society of Trust and Estate Practitioners). He is a member of The International Academy of Estate and Trust Law and a regular speaker on tax and estate planning issues.

Experience Highlights

Paraic’s recent work includes:

Advising on the Irish tax implications of family wealth held offshore in trusts, foundations, or other structures.
Advising on the legal and tax aspects of a complex trust dispute on behalf of a branch of a family. concerning a large UK / Irish business. This involves providing advice on a complex trust restructuring, considering Irish anti-avoidance tax legislation and advising on the domicile of certain persons.
Advising a widow following the death of her spouse on contentious trust and estate matters, including the tracing of valuable assets settled by her spouse during his lifetime in complex offshore structures. This also involved a six day hearing in the High Court (Scally v Rhatigan) in a successful application to remove an executor for reasons of conflict of interest.
Advising a Hong Kong based family on the Irish tax issues for a family member inadvertently subject to significant Irish Capital Acquisitions Tax because of long term Irish tax residence.
Advising on duties and responsibilities in the administration of complex estates with property assets and significant indebtedness.
Advising Irish resident settlors of trusts on the implications of anti-avoidance legislation introduced in the Finance Act 2012 which attributes capital gains to such individuals.

Accolades

Paraic is listed in 2019 Private Client Global Elite

Paraic provides "high-quality professional advice, perfect for the needs of the HNW individual."
Chambers HNW Guide 2019

Paraic "gives first rate and commercial advice in a calm and considered way."
Citywealth Leaders List 2019

Paraic is listed in the Citywealth Leaders List 2019.

Recognised for Trusts and Estates
Best Lawyers Ireland 2019 edition

Listed in the Private Client Global Elite 2018
Legal Week 2018

Paraic is "very well established" in the market has a "wide breadth of knowledge."
Chambers HNW Guide 2018

Paraic is listed in the Citywealth Leaders List 2018.

Recognised for Trusts and Estates
Best Lawyers Ireland 2018 edition

Paraic is listed in the Citywealth Leaders List 2017.

Paraic is recognised as a leading lawyer by Best Lawyers.

Education

Admitted as a solicitor in Ireland

University College Dublin, BCL

Preserving the Family Compound: Ireland

Aug 31, 2020, 23:27 PM

Paraic Madigan, partner and head of the Private Client Department recently authored an article in Trusts and Trustees, which explores the legal, tax, and structuring principles that are particularly relevant to overseas investors in Irish real property.

Title : Preserving the Family Compound: Ireland

Filter services i ds : 456571a5-3753-45e9-9c06-245efa7c0573;

Engagement Time : 4

Insight Type : Article

Insight Date : Feb 14, 2019, 12:10 PM

Paraic Madigan, partner and head of the Private Client Department recently authored an article in Trusts and Trustees, which explores the legal, tax, and structuring principles that are particularly relevant to overseas investors in Irish real property.

The focus is primarily on property used by family members, rather than investment property. It explores some general principles of Irish succession law and relevant law of real property.

It then moves on to an exploration of a tax efficient basis for investing in real property assets. It explores the use of trusts as ultimate ownership vehicles for Irish real property, and other ownership structures which can be used. Finally, it addresss the domestic taxes applicable to owners and occupants of real property.