Trust & Succession Planning
“Highly recommended trusts and tax planning specialists”
Legal 500 2020
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
“Skilled at providing advice on issues ranging from wealth and succession planning through to the effective use of trusts and charitable initiatives”
Legal 500 2020
“They are regularly instructed by beneficiaries based within and outside the UK in relation to valuable family trusts established in jurisdictions all over the world”
Chambers HNW 2020
Before the first incarnation of the UK’s Trust Register has fully bedded in, the government now has to implement changes required by the EU’s Fifth Money Laundering Directive (5MLD).Read more 8 min read 16 Sep 2020 Everything you need to know about Children’s Trusts
All parents and guardians want to make sure they’re putting the best systems in place to support their children.Read more 18 min read 04 Jan 2021 The GDPR for English law trusts and estates
We live in an increasingly regulated world and data protection is an area of more extensive compliance since the introduction of the EU’s General Data Protection Regulation in May 2018.Read more 4 min read 18 Dec 2020 What can be done where trustees or personal representatives have made a mistake?
In a recent STEP article Private Wealth Partner, Mark Lindley outlines what can be done when a trustee or personal representative makes a mistake and the possible legal remedies.Read more