Estate planning and passing down the family business
Successful business owners plan for succession of their company to their children through lifetime planning together with their wills.
Protecting a farming family estate for future generations
Transfer of assets during lifetime saves family millions in IHT
Tax planning advice was sought by the owners of a large family estate. They wanted to ensure that wealth could be maximised for future generations, but wished to remain living on the family estate, accessing the facilities during their lifetime. We were able to identify the current and future needs of the family and make lifetime transfers to the children while protecting the parents’ rights and occupation of the land.
A potential IHT saving of £270,000
Leaving a limited interest to your surviving spouse could lead to a substantial IHT saving
Chris advised the family of a man who died leaving an estate of £7.5 million.
Specialist estate planning advice tailored to ever-changing family dynamics
Amy has acted for this couple since she was a trainee, with the matter transferring across with her from her previous firm.
Lasting Powers of Attorneys not just for later life
When thinking about Lasting Powers of Attorney (LPAs) individuals often believe that LPAs are only for later life and not something that can be helpful to them and their family earlier in life. But there are times when it can be helpful for younger people to also have LPAs in place.
Making your Will during COVID-19 – a client case study
Dispute between siblings regarding worldwide estate of property-owing father
We had to carefully consider what the deceased’s worldwide assets comprised of and in particular what would pass under the intestacy rules of England and Wales an advise accordingly.
“Being cut out of a parent’s will”
We advised an adult child of the deceased who had been inadvertently excluded from her father’s will.
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.
