Skip to content

Succession Planning

We have a first class reputation for providing practical, commercial legal advice for wealthy individuals and families, landed estates, and family businesses on all aspects of UK wealth planning.

We advise on all aspects of private wealth planning and management, including wills, lifetime giving, and succession, both domestically and internationally. We can support you at every decision-making stage of your life, assisting you personally as well as where you act as trustee, director, investor or owner of land or businesses.

We help to devise the most effective means of passing on wealth to the next generation and are experts in the creation of all forms of trusts and their use in estate planning. Our advice includes consideration of available inheritance, capital gains and income tax mitigation strategies.

We work closely with our clients and their other advisers to understand their goals and concerns and to build a plan to reach them. Understanding what matters to our clients means that the succession plan can be shaped around their specific wishes, be those selling or retaining a business, making a retirement plan, gifting assets, meeting philanthropic aims or dealing with wealth transition across borders.

What sets us apart from other firms is how collaboratively we work with other teams in the firm. 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, tax efficient and focussed on the protection of family wealth for the long term.

Trusts

We are highly experienced in the use and administration of trusts (both onshore and offshore) and their use in estate planning and commercial contexts.

Wills

We draft tax efficient wills for clients and advise on lasting powers of attorney and living wills.

Tax mitigation

We advise on all aspects of capital gains, income and inheritance tax planning, as well as on commercial and property transactional tax matters.

Estate administration

We advise on all types of probates, including those involving complex trusts and overseas property.

Lifetime giving

We advise clients on all aspects of lifetime giving, including philanthropy.

Track Record

  • Giving strategic advice in relation to a complex probate where the assets include valuable chattels; liaising with a major auction house and a well-known public institution about possible access to those chattels, with a view to a large conditional exemption claim; then negotiating the terms of that claim with HMRC; whilst also varying some of the main family trusts in order to prolong their life spans, for both asset protection and tax reasons.
  • Extensive advice on tax reliefs available on death, inter-family arrangements or sales of property, and on succession planning from one generation to another. This includes tax planning with the family home including reversionary lease schemes, co-ownership and full consideration arrangements; implementing a partnership and succession planning arrangement to secure business property relief from Inheritance Tax, as well as to ensure the income requirements for family members are maintained; pre-death emergency tax planning and then advising following the death of the landowner on availability of tax reliefs, including with mineral royalties.

Our Private Wealth Services

Find a Private Wealth lawyer

 

The work is complex, challenging but, most of all rewarding. By truly getting to know my clients - their hopes, fears and priorities - I can devise the right strategy in each case.

Simon Rylatt, Partner

Recent awards

How to find us:
London Bankside

Bankside Office

240 Blackfriars Road
London
SE1 8NW
DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

London Mayfair

Mayfair Office

6 Grosvenor Street
London
W1K 4PZ

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Oxford

Oxford Office

6 Worcester Street
Oxford
OX1 2BX

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Bankside Office

240 Blackfriars Road
London
SE1 8NW
DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Get directions

Contact us