Trusts, tax & estate planning

  • Wills.
  • Inheritance tax.
  • Trusts.
  • Trust structures.
  • Tax efficient tax and estate planning.
  • Protecting and preserving business assets.
  • Succession planning and stewardship.
  • Management of existing trusts.
  • Living trusts.
  • Administration of trusts.
  • Wills for individuals with complex and high value estates.
  • Lasting Power of Attorney.
  • Business Lasting Power of Attorney.
  • Court of Protection.
  • Capacity issues.
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    Trusts, tax & estate planning key contacts

    Creating and preserving your legacy.

    Considering estate and succession planning during your lifetime gives you the opportunity to structure your affairs in a flexible and tax-efficient way for the short and long term.  You may be looking to provide for children or grandchildren without them having control too soon, preserve business assets, or protect a disabled child.  To ensure that your wealth is structured in line with your priorities, you need an expert adviser to provide you with creative and individually tailored advice.  While the scope for people domiciled in the UK to create new trusts tax-efficiently is more restricted than in the past, there are still a number of planning options.

    Our team will guide you through the available tax and succession planning opportunities and provide effective strategies to deal with issues which could impact the transfer of wealth including marital breakdown, financial immaturity, mental incapacity and providing for disabled beneficiaries.

    We support individuals, families and trustees in the establishment and administration of trusts and other estate planning structures. We also advise on the ongoing management of existing trusts, including changes of trustees, restructuring and taxation.

    We know that each and every client is unique so we spend time gaining a thorough understanding of your specific circumstances and what is important to you and your family with regards to succession. We will then work with you to manage your estate in a way that is tax-efficient and fulfils your wishes for your family’s future.

    Some of the areas our specialist estate planning, tax and trust lawyers advise upon include:

    • Advising upon and establishing trusts including living trusts, interest in possession trusts, and legacy trusts
    • The administration of trusts, including advising upon the tax consequences of estate planning and trusts, and preparing tax returns
    • Wills for clients with complex and/or high value estates
    • Post-death estate planning, including deeds of variation and the restructuring of will trusts with retrospective effect for inheritance tax purposes
    • Advising entrepreneurs and owner-managed/family businesses on tax and succession planning
    • Preparing and registering a Lasting Power of Attorney (LPA)
    • All matters relating to the Court of Protection

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    Tailored support for individuals and families

    Specialising in complex wealth structuring, we work closely with individuals and families based in the UK and overseas to protect their wealth now and in the future.

    Download our Private Wealth brochure

    LASTING POWERS OF ATTORNEY EXPLAINED

    What are lasting powers of attorney? Why make an LPA ? What does it cover? When can an LPA be used? What information is needed? Our guide on making an LPA covers everything you need to know when considering giving another person certain authority to make decisions, in circumstances where you no longer have the mental capacity to do so on your own.

    Download guide to LPAs

    Coronavirus: Tips for private clients

    We have put together a helpful list of the important tax and estate planning tips you should be thinking about during, and in the aftermath of, the coronavirus pandemic.

    Download Coronavirus tips for Private Clients

    Trusts for business owners

    For clients who own trading businesses, trusts can be a useful succession and tax planning vehicles to ensure the preservation of our clients’ wealth.  For example, it may be possible to transfer shares in a business into a trust free from inheritance tax, while also optimising the capital gains tax position

    Trusts for future generations

    Where clients wish to provide for their children and grandchildren (e.g. for the provision of school fees), it can be prudent to create a trust of up to the available inheritance tax allowance (known as the nil rate band). There will be no inheritance tax on creation and a new trust of this type can be created every seven years.  Also, if clients have surplus income, outright gifts or gifts into trust out of this surplus income can be made which are completely exempt from inheritance tax.

    Trusts for business owners

    For clients who own trading businesses, trusts can be a useful succession and tax planning vehicles to ensure the preservation of our clients’ wealth.  For example, it may be possible to transfer shares in a business into a trust free from inheritance tax, while also optimising the capital gains tax position

    Trusts for future generations

    Where clients wish to provide for their children and grandchildren (e.g. for the provision of school fees), it can be prudent to create a trust of up to the available inheritance tax allowance (known as the nil rate band). There will be no inheritance tax on creation and a new trust of this type can be created every seven years.  Also, if clients have surplus income, outright gifts or gifts into trust out of this surplus income can be made which are completely exempt from inheritance tax.

    “The team is first-class – knowledgeable, approachable and offers excellent value for money”

    Legal 500, 2020