Recently married, terminally ill, joint assessment?

A

AndyDublin

Registered User
Messages
13
Hi

I'm looking for advice, maybe I should speak to a tax adviser and if so any recommendations welcome.

Me, I am terminally ill with a month or two left. I'm being paid still via an insurance scheme.
My partner, arrived in Ireland for first time in February and is caring for me, currently has no income.

I set myself and my husband as married on revenue online and it's asking what type of assessment we want, I'm not sure?

Me full year I would get about 50k off insurance but this will cease. Then my husband will receive a pension of about 36k for a full year.

Will complete, house and lump sum and any savings to my husband. Any advice appreciated, for my own peace of mind I'd like to arrange all my affairs in advance.

Thanks
 
Hello, Im sorry to hear of your difficulty. I send my best wishes. I have used Mairead in Taxkey before and she was fantastic.

Take care.
 
I'm so sorry to read your sad news.

I mean no disrespect here, but I noticed you first referred to your partner and then that you 'set' yourself as married on the Revenue system.

Are you legally married & is that marriage recognised here?

It will save a lot of issues later to be certain on that point.
 
I am very sorry to hear about your situation. You should opt for joint assessment. This will increase your 20% rate band and get you your spouse’s personal credit. It sounds like you have the rest covered-off. You should probably have cash and as much as possible in joint names from an ease of admin perspective. Mind yourself, sorry again to hear that news.
 
yes legally married here in March, I forgot to include that
 

Very sad situation for you both, I wish you the best of luck.

I'll leave it for the experts to confirm if this is possible, but if you were working recently, have cash and have scope for AVC's, you may be able to contribute and claim tax relief, whilst your spouse will receive the monies tax free as part of your estate.

The admin point is very useful. Make sure your spouse is aware of all accounts, assets and your affairs are in order. Even down to passwords/logins for things like email accounts etc.
 
So sorry to hear such awful news.

Household things like the various utilities even LPT in joint names for ease of later instructions. Finally any medical directives I wish I had an opportunity to discuss this with a loved one before it was thrust upon me to make a decision.
 
If you are covered by life insurance policies, many can be claimed early on receipt by the life insurance company of a clear terminal illness diagnosis. Worth looking into,if you want to take some of the administration off the hands of your husband.

Very sorry to hear your sad news.
 
Hi Andy

My heart goes out to you and to your partner. That said he is very fortunate that you are tidying up all of these loose ends – it should make things so much more manageable for him.

All the advice about having bank accounts, assets, property etc in joint names is good and do all of that. But occasionally, the banks get this very wrong and it might be worth making sure that he has some funds in his own name to cover a few months expenses and any exceptional items that might arise while any issues are sorted.

Sharing passwords, access codes, has been mentioned. Also if you are comfortable, share your contacts, and codes for your phone. And decide and communicate what you want done with Social Media accounts, PC file archives etc. Also any treasured possessions.

Go through all the utilities and regular bills with him with a fine tooth comb, so that he can deal with any of these that screw up. Maybe put the key ones in joint names.

You mention that he “arrived in Ireland for first time in February” and that you got married in March. I don’t know and don’t need to know any more than this, but you might want to ensure that is status is regularised – PPS number issued, UK/EU citizen or not ? etc – this might be something to go through with your solicitor or a solicitor that deals with immigration etc if appropriate. Introduce him in person to your solicitor. Also to your executor (if it isn’t him).

If you can face it, discuss the arrangements to follow the inevitable – it will make it much easier for him if he knows what you wanted. And give him a list of people to be notified.

Write him a long letter telling him about the 5 most significant people in your life. And your memories of your first 18 years. And other milestones in your life, especially from the days before you met; also your stand out memories of times with him.

I really hope I’m not overstepping the mark with any of this. I’ll be honest, I’ve a tear in my eye, but it’s as much to do with respect for your being so brave as anything else.

You're an inspiration. I can only hope that I’m as brave when my turn comes.
 
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