Our PRIVATE CLIENT team prefers simplicity over complexity, delivering valued advice with a personal touch

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Succession Planning

A priority for many clients is a controlled transition of their wealth down the generations, whilst also minimising the overall impact of inheritance tax on death. 

This is not something to be left until later in life and a Will only goes so far in this respect.  Succession planning requires timely advice and action.  You will be rewarded by starting as early as possible, particularly ahead of important events (for example, selling your business).

We listen to your objectives and recommend a succession planning strategy that fits your circumstances.  Whether it be a one-off gift, structured planning for the future or a re-organisation of assets, we are able to spot opportunities that lead towards an inheritance tax saving in the future. 

The team has “all the expertise that a top London private client team would have”

Chambers UK

We are experienced in dealing with all manner of family situations, finding solutions to succession planning concerns, and often advising over several generations.  For example, where clients are uncomfortable about allowing the recipients (commonly children) freedom to spend the funds, trusts play an important role (for more information, see Trusts).  We advise on the creation of trusts, as well as other suitable succession planning structures (such as family investment companies).

Our Briefing Note: Lifetime Gifts & Inheritance Tax Planning provides an overview of some of the more straightforward strategies that can be adopted to reduce the inheritance tax payable on your death.

 

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