Trust & Succession Planning
Assisting in ensuring orderly and effective succession planning sits at the heart of our client work, both domestically and internationally.
Allied to the question of succession to family wealth is its long term preservation for the benefit of future generations or chosen charitable purposes.
We work closely with our individual clients, their families and their advisory teams to understand and refine their short and long-term objectives, to recognise and address their concerns and to build a practical, efficient and robust succession plan to suit them. Understanding what matters most to our clients allows us to create a plan recognising and allowing for specific wishes and aspirations, be those selling or retaining a business, making a retirement plan, gifting specific assets, meeting philanthropic aims or dealing with wealth transition across borders.
Responsibly preserving wealth for the next generation (and beyond) is frequently a key consideration. We provide effective means of achieving that aim and are experts in the creation of all forms of trusts and their equivalents in an estate planning context. Our advice includes consideration of the inheritance, capital gains and income tax implications of any potential structuring.
What sets us apart from other firms is how collaboratively we work with other teams within the firm and with our clients’ other professional advisers. In doing so, we are able to create holistic plans and long-term structures to preserve, administer and enhance multi-generational family wealth.
How we help
- Wealth transition – We ensure that the transition of wealth from generation to generation is effective, efficient and focussed on the preservation of family wealth for the long term
- Tax advice – We advise on all aspects of capital gains, income and inheritance tax, as well as on commercial and property transactional tax matters
- Family governance – We take care to ensure that the governance and administration of family wealth is both appropriate and reflective of the need for risk management. This helps to avoid the unnecessary dissipation of wealth, optimise performance and protect the integrity of both the family and their businesses alike
- Wills – We draft tax efficient wills for clients and advise on lasting powers of attorney and living wills so as to provide our clients with peace of mind and certainty
- Estate administration – We advise on all types of probates and have a particular expertise in advising on those involving complex trusts and overseas property. We are also highly experienced in advising on the probates of international individuals with assets in the UK
- Lifetime giving – We advise clients on all aspects of lifetime giving, including philanthropic and environmentally / socially responsible investment
Recommended reading
Changes to the “non-dom” regime which took effect from 6 April 2025 will significantly impact African individuals relocating to or already living in the UK. In the fourth instalment of our ‘Out of Africa’ series, Partner, Julie Howard and Associate, Annabella King explore how families and individuals can navigate the new rules – including the favourable four-year FIG regime and transitional reliefs – and highlight the importance of careful pre-arrival and ongoing planning.
Read more 03 Jun 2025 A New Investor Visa – Why Now?The UK has a critical opportunity to restore its appeal to HNW individuals by reintroducing an investor visa route. In WealthBriefing, Immigration Partner, Zoe Jacob, argues that such a visa is essential to complement the new Foreign Income and Gains (FIG) regime and attract much-needed global investment.
Read more 02 Jun 2025 Clare Stirzaker speaks at the Family Business UK Annual Conference 2025This Thursday at the Family Business UK Annual Conference, Partner, Clare Stirzaker joins James Wates at Wates Group to reflect on the core purpose at the heart of the Wates Principles and how family businesses can report authentically to build stakeholder trust.
Read more 27 May 2025 Silver linings in replacement for UK non-dom regimeFollowing a flurry of criticism of the previous ‘non-dom’ tax regime, a new ‘foreign income and gains’ system is now being introduced. Senior Associate, Laura Cullinane suggests there may be a silver lining to this change, as it could encourage greater investment in the UK.
Read more