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.
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.
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 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.
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.