As a firm we were instructed to administer the estate of a widow who also held trust property from the estate of her Late husband. Each estate had different interests in the property and different beneficiaries.
The Conveyancing team worked closely with the Private Client and Employment departments, to provide a full and efficient service for the client.
Chris worked with the client to avoid further Inheritance Tax after their father and late mother participated in a “Home Loan Scheme.”
Chris advised the clients to put a portion of their £10 million inheritance from their late mother into Trust to potentially reduce the Inheritance Tax liability and ring-fence the assets.
The client (a company) offered a Group Life Assurance Scheme (the Scheme) to its employees, but when one of their senior employees passed away leaving an unclear Form of Nomination they turned to Stuart from our Trusts department for a practical solution.
The client needed a trust for their child to allow them to live independently whilst ring-fencing the assets, but faced an Inheritance Tax liability if a mainstream lifetime trust structure was used.
The Commercial Property and Private Client team work together on the refinancing of a farming partnership in which the majority of the land to be charged was unregistered and had devolved by deeds of gift and testamentary disposition to the current partners.
A high net worth client who had already given substantial lifetime gifts to the children of their first marriage was unsure whether they wanted their children to receive more inheritance under their
High net worth clients worth over £60 million were given peace of mind from the full service Thomson Snell & Passmore LLP offer.
Our client's father-in-law died, leaving his estate to our client’s husband, who subsequently died. Our client was the beneficiary of both estates
Mark advised the beneficiary of a Life Interest Trust created by her late husband’s Will. Mark prepared a Deed of Variation providing for her life interest in the farmland to pass to her children. The Deed was drafted to maximise and secure the Agricultural Property Relief currently available, in case the land ceases to qualify for the relief by the time of the beneficiary’s death.
Mark Politz advised two beneficiaries of an estate and created two Life Interest Trusts for their respective families.
We advised a client when they came to us with instructions to transfer their home to their son and daughter. The client wanted to remain living in their home after the transfer.
Chris advised a film director in a cross-border matter, which is valued at £6 million.
Nicola advised two clients, following the sale of their business, in relation to efficiently planning their estates, in a matter valued at £25 million.
Helen is leading in the administration of a cross-border and multimillion pound estate, which has multiple assets in England, Scotland and Portugal.
Stuart’s client inherited his wife’s share of some farmland, which had huge developmental potential.
Sarah advised a client with a complex family structure, in a matter valued at £1.5 million.
Clare provided estate planning advice and prepared new Wills for clients, in a matter valued at £12 million.
Ultra high net worth clients have complicated affairs. We are able to provide peace of mind through a complete advice service.
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.
One of our partners is a trustee of a trust which owns the copyright of a famous English comic author who died in the second half of the 20th century. Applying a flexible approach has enabled the author’s brand to develop, while in appropriate costs protecting the intellectual property rights.
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.
We advised a wealthy client on changes to his Will that could save several million pounds in inheritance tax.
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.
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.
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.
This case study demonstrates the expertise of our Personal Injury team who recently recovered a six figured sum for an undercover security officer who was assaulted by a suspected shop lifter.
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.
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.