Wills & succession

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.

Administration of estates

This case study demonstrates the expertise of our Probate team and provides a useful reminder to us all to ensure that we have a Will in place, and that it is reviewed and updated regularly.

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.

Helping a grandchild onto the property ladder

We act for a wealthy couple who wanted to help their granddaughter onto the property ladder. Tom Bradfield 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

FAQ: Family

Q: I have recently separated from my long term partner, we were not married.  Am I able to make a financial claim against them?

Thomson Snell & Passmore’s Private Client Team triumphs at the Law Society Excellence Awards

The Private Client team of leading South East law firm Thomson Snell & Passmore is thrilled to have come away with top prize, the ‘Excellence in Private Client Practice’ award at the Law Society Excellence Awards 2016 which took place at the Hilton Park Lane Hotel in London on Thursday 20 October.

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.

What's the point of Civil Partnership?

Heterosexual couples may soon be allowed to enter into civil partnership. Nicola Plant from our Private Client department speaks about why some heterosexual couples prefer the idea of civil partnership over marriage and what it will mean to them legally.

FAQ: Dispute Resolution

Q.  I have been cut out of my parents Will, what can I do?

Best Lawyer award

We are delighted that Partners Simon Brown and Gilbert Green have been selected by their peers for inclusion in the forth edition of Best Lawyers in the United Kingdom ®.

Should you tell a child they're worth a lot of money?

The answer depends on the way their wealth is structured.