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  • Overview

    Chris advised that the trust created for the deceased’s second wife and children of his first marriage was structured to give the wife a limited interest in the estate for a year where upon the capital devolved to the children. Chris advised this would save £3 million of inheritance tax on the deceased’s estate, provided the widow survived 7 years. Chris ensured that steps were taken to safeguard the family’s tax position in the event that the deceased’s widow were to die within 7 years. 

    Chris worked with both the widow and the children in order to navigate some animosity which involved some delicate negotiation to achieve the desired result for the whole family.

    Thomson, Snell and Passmore is well equipped to advise on the creation of wills featuring both limited and life interest trusts.

  • Related Services

    Wills, trusts & tax planning

    Our specialist lawyers provide high quality, intelligent advice that is comprehensive, considered and clear.

    Inheritance Tax advice

    Inheritance Tax can often be minimised with careful planning.

    Wills & estate planning

    A will is an essential part of your personal financial planning.  

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Jargon Buster