Robert Whelan

Like, listen, the old adage of, you know, you're on the airplane and to say when oxygen levels drop, put your own mask on first before you attend to your kids.

Why?

Because if you don't, you could be passed out before you put on your kids.

So it's the same principle applies.

You have to take care of yourself.

You have to make sure you're OK.

But for most people, there is a gap there.

There is capacity.

Not for everyone, I understand that.

But for most people, there is a gap there.

It's the size of the gap, quantifying the gap, and then deciding what you want to do with it.

Yes.

So last year, the government collected just over 850 million in capital acquisitions tax.

About 90 percent of that figure came from inheritance.

The rest came from gifts.

So the difference is money you're giving you're alive, money you're giving you're dead.

Right.

So in Ireland, we're allowed to receive from our parents up to 400,000 euros tax free.

So if you die and you leave your house, let's say worth 800,000 and you have two kids and you split it 50-50.

No tax.