Wills & estate planning

Taking advantage of the double tax treaty

Chris advised a film director in a cross-border matter, which is valued at £6 million.

Efficient Estate Planning

Nicola advised two clients, following the sale of their business, in relation to efficiently planning their estates, in a matter valued at £25 million.

A trust combining tax saving with control

Stuart’s client inherited his wife’s share of some farmland, which had huge developmental potential.

Protecting the Family

Sarah advised a client with a complex family structure, in a matter valued at £1.5 million.

Cross-border estate planning

Clare provided estate planning advice and prepared new Wills for clients, in a matter valued at £12 million.

Dividing a family trust

Siblings whose families benefitted from a trust wanted to take it in different directions. We provided a thorough review and analysis of the available options which enabled to beneficiaries to agree a fair and tax efficient split.

The complete package

Ultra high net worth clients have complicated affairs. We are able to provide peace of mind through a complete advice service.

Peace of mind when entering a second marriage

A long-term client has recently entered into a second marriage and they wanted the interests of all the client’s children protected in a tax efficient way.

Tax reduction on a substantial inheritance

During the administration of an estate, which included shares in a property investment company, our advice resulted in a capital gains tax saving of over £250,000 for the beneficiaries. 

Estate planning review following re-marriage

We advised a wealthy client on changes to his Will that could save several million pounds in inheritance tax.

Capital gains tax saving for beneficiaries

Following a significant increase in the value of a property during the administration of an estate, we were able to achieve a substantial capital gains tax saving.

Tax planning disaster averted

Our clients were faced with a potential inheritance tax liability of over £1.2million but, following our intervention, HMRC accepted that no inheritance tax was due. 

International musical estate

We advised the executors of a complex estate containing assets worth over £25million and we were able to reduce the inheritance tax bill by over £500,000.

Inheritance tax avoidance

This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently advised a client on deeds of variation, inheritance tax and discretionary trusts.

Farming estates & inheritance tax

This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently settled a farming case, saving a potential IHT liability of over £500,000.

The inheritance battle over which parent died first

Monika Bryska comments on an inheritance battle article.

Avoid your beneficiaries getting the blues

It has been reported that Aretha Franklin left three handwritten wills at her Detroit home before her death, the latest one dated 2014 which has some information crossed through and some words hard to decipher. 

I'm in my 20s. Why do I need a will?

Any lawyer will tell you that it is always sensible to have a will.

Helping a grandchild onto the property ladder

We act for a wealthy couple who wanted to help their granddaughter onto the property ladder. Our private client team worked with the granddaughter, providing her with advice on how to protect her new wealth.

The Residence Nil Rate Band

The Residence Nil Rate Band (RNRB) has now been in force for a year and applies to estates where the deceased died on or after 6 April 2017. Where the deceased owned or, in some cases, had an interest in, a residence the RNRB makes available an additional tax free amount if the residence is inherited by someone closely related to the deceased.

Law Commission’s consultation on the law of wills

Thomson Snell & Passmore has responded to the Law Commission’s consultation on the law of wills.

FAQ: Tax Planning

Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?

Owner managed businesses : tax-efficient wills for company directors

Owner-managed businesses : tax-efficient wills for company directors

Giving away shares in the family company

Giving away shares in the family company

Pension changes: the options available to your estate and passing on benefits

The pension landscape has changed dramatically following the changes to the rules on 6 April 2015. An element of freedom, a word not often associated with pension arrangements, has been granted by these changes. Pension owners now have real options as to how their pension benefits should be passed on following their death.

It’s not rocket science - get a will and keep it updated

Solicitor, Stuart Price from our Private Client department speaks to Wealth Briefing about the preparation and challenges to a will. He also discusses some factors that should be taken into account before drafting a will.

Reforms to the taxation of non-domiciles: The extention of deemed-domicile status

This article will focus on the position of the resident “non-dom” and the extension of deemed-domicile status but we will first take a look at what these terms mean and the current position. 

Top 25 UK Law Firm

We are pleased to receive, for another year, the accolade from eprivateclient of being listed as one of the Top 25 Law Firms in the UK.

Declarations of Trust

EPA - Registration of an Enduring Power of Attorney

EPA - The Role of an Attorney under Enduring Power of Attorney

Estate planning tips for business owners

LPA - a summary

LPA - information pack

LPA - the role of an attorney for health and welfare

LPA - the role of an attorney for property and finance

Lasting Power of Attorney (LPA) - fees

Will and estate planning services