The nephew of a deceased bachelor farmer is not entitled to more than â¬1m worth of Kerry Group shares that are part of his uncleâs assets, the High Court has ruled.
The shares will instead be divided among the surviving siblings and extended family of the deceased.
Thomas OâConnell was gifted âKerry Co-Operative sharesâ in a 1990 will of his uncle, John T Cronin, who died some 23 years later in 2013, aged in his 90s.
Mr OâConnell, who inherited his uncleâs farm, remains entitled to the estimated â¬272,438 value of those Kerry Co-Op shares but not to the Kerry Group shares.
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This guide to Bermuda's private client sector includes commentary on tax, trusts, foundations and private wealth structures used within the jurisdiction, including charitable.
This situation has caused friction between the Coll and Hawe families.
After murdering Clodagh, Hawe transferred more than €2,000 from a joint account into one in his own name, meaning his relatives would be the sole financial beneficiaries. He then took his own life.
Irish law does not prevent a killer, or an unsuspecting relative of their choosing, from profiting as the result of a murder.
Justice Minister Helen McEntee has said she is “most anxious” to introduce legislative reform in this area which would stop perpetrators of homicide benefiting from their crime – but there is no timeline for when this might happen.