Our approach is to work closely with you in order to provide bespoke, commercially sensible advice on issues such as succession planning and managing estates. We will build a long-term working relationship with you to ensure that we fully understand your personal situation and objectives. We also will work alongside your other trusted advisors to create a network of support that you can rely on now and in the future.
We have extensive experience and offer expert assistance across the full range of private wealth issues, including:
Succession planning — to ensure that your Will is up to date and arrangements are in place so that your assets will be passed on as you wish, taking into account asset protection and tax efficiency. We can review your existing Will and Trust arrangements and advise on changes or updates as appropriate.
Managing interests in family businesses — working closely with our colleagues from our Corporate and Commercial teams, we can review your business or company’s arrangements and help you to plan for the business and your family’s future.
Structuring the acquisition, disposal and ownership of investments, business interests and property — taking into account tax efficiency, your future needs and your succession plans.
Coping with illness and incapacity — we offer advice to help you fully consider and put plans in place to ensure that your personal and business affairs can be managed as you wish should you become unable to manage them yourself. This would include setting up Powers of Attorney or checking that existing Powers of Attorney meet your needs. We can also review and advise on the continuity provisions for any business you own.
Managing estates and inheritances following bereavement — including helping you to complete the inheritance tax account and obtain a Grant of Representation/Probate, so that you can collect in and administer the estate. We can also take on the administration of the estate for you, if you wish.
If we deal with the administration of an estate on your behalf, then we would:
- correspond with all the organisations that hold assets in the deceased’s name or have an interest in the estate;
- complete the inheritance tax return;
- apply for the Grant of Representation/Probate;
- collect in, sell or deal with the transfer of the estate’s assets;
- settle the liabilities of the estate; and
- distribute the estate to the beneficiaries.
Mitigating the impact of family breakdown — you may be concerned about the impact of a divorce or estrangement, or you may need assistance to protect assets for children of a former marriage whilst ensuring your new spouse is well provided for. We can talk through your circumstances and guide you through your options, with a view to making arrangements that are best placed to meet everyone’s needs.
Our specialist Private Wealth lawyers will be happy to meet with you to review your current circumstances and wishes, look at the arrangements you currently have in place and work with you to formulate a plan for your and your family’s future.