If you have a mixed portfolio of assets comprising property, investments and/or business interests, we can help you to consider how best to structure your affairs for the benefit of the next generation and/or your charitable and philanthropic aims - with a view to mitigating any potential tax liabilities and ensuring that you and your chosen beneficiaries are appropriately protected.
We use a range of tools, from trusts and wills to deeds of variation, and we regularly review the share arrangements in family companies to meet tax-planning and succession planning objectives. We also know that there may be additional complexities to be addressed, such as providing for a disabled child or family member or taking into account the position of a non-UK domiciled client, their spouse or partner. This is why we have experts in estate and tax planning on hand to help you out.
We understand that there is no such a thing as a typical client, a typical need or a typical solution. While common solutions to planning queries are well-known – for example, through using trusts or company structures – we seek to creatively formulate bespoke plans and, where necessary, structures for clients, accounting for their needs and goals.
We work closely with a client’s other advisers to ensure that the planning is a joint enterprise and that all advisers are working towards a common goal and plan. We understand that the greatest benefit to the client will be achieved with cooperation between their advisers. This is why our experts in estate and tax planning work as closely with you as possible.
Experts in estate and tax planning services
We are trusted by a varied range of clients with a diverse spread of challenges and goals. Professionals, with whom we work regularly, send us the novel, interesting and unusual issues that arise among their clients - this speaks volumes for our ability as a team. Members of our team have acted for individuals who have a particular tax problem and individuals with wealth of over £100m. We have acted for foreign royalty, household names from the worlds of entertainment and sports and people with wealth in jurisdictions around the world.
Our approach to tax planning is a bit different. With the world of tax having become a political hot potato and facing some bad publicity, we have responded by setting out our approach to tax planning, stating what we will and won’t do for clients in a clear statement that you can find here.
If you or a relative would like further information on how to best manage your estates and taxes or how our family law team can help you, please get in touch.
Head of the personal planning team
We have been recognised for the work we do
We are delighted to announce that our private wealth law department has maintained its position in Band 2 in the Birmingham and surrounds area in the latest edition of Chambers and Partners High Net Worth.
Making an application to the Court of Protection to make or change a Will for someone who is not able to do this themselves due to lacking mental capacity.
With Covid-19 all around us, in a socially distant world, we advise on how you can still make your Will with proper advice.
We are delighted to confirm that partner, Donna Holmes, has been appointed to the Panel of Guardians for Missing Persons Affairs from 1 February 2020.
Let’s face it, Wills are underappreciated and often overlooked. In fact, around 54% of the British public do not have one!
This case is salutary to lawyers to make sure that they get full information from the client about all of their assets, income and liabilities and family members and dynamics.
Although the exact date of the change is presently unknown, it is likely to be in or around April 2019 and will have a significant impact on estate administration and the costs of dying.
Whether or not someone has capacity to make a will has caused much debate, as we demonstrate in several recent legal cases.
Whilst it is important to make a will, it is just as important to make sure it remains appropriate and up-to-date in light of changing circumstances.
One significant difference between someone managing the financial affairs of another (often called “P”) under a power of attorney as opposed to a deputyship, is the degree of supervision.
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