Private Client is the term used by lawyers often to mean the need or preparation of wills, lasting powers of attorney and in the very end probate and trusts.
We are happy to provide time and experience helping your grandmother or a young family setting off in life with a will and/or a lasting power incase they are needed. However, we have particular skill and expertise in preparing those documents often needed before and after retirement where tax planning and succession raise their own special issues. Our trustworthiness extends beyond the United Kingdom towards alternative tax havens where they are needed or wanted.
Our team is headed by Peter Norris, a solicitor with over a decade of experience in estate and sucession planning. Peter is regarded by many as a family friend and advisor over many generations. Peter is a Trust Estate Practitioner having completed his full qualifications to become a full member of The Society and Trust Estate Practitioners.
Our skilled team is happy to assist with:
- The creation and administration of Lifetime Trusts (including the establishment of Trusts to receive the death benefits of life policies and settlements to receive the nomination of pension benefits).
- Lasting Powers of Attorney for Property and Financial Affairs and Health and Welfare decisions.
- The management of the property and financial affairs of a mentally incapable person under a Lasting or Enduring Power of Attorney.
- Court of Protection applications where a person has lost mental capacity and has no Enduring or Lasting Power of Attorney in place.
- Protecting family assets against such risks as the impact of long term care charges, a divorcing spouse or a Trustee in Bankruptcy.
- Advanced Capital Gains Tax Planning solutions for individuals with assets subject to a large capital gain such as property or stocks and shares portfolios where:-
- The individual wishes to dispose of the asset and reduce or mitigate exposure to Capital Gains Tax; or
- The individual wishes to restructure their assets for other tax purposes but is unable to do so due to the gain; or
- The individual wishes to gift or otherwise deal with the asset for Inheritance Tax saving purposes but is unable to do so without triggering a charge to Capital Gains Tax.
- Inheritance Tax planning to avoid a charge on death to 40% Inheritance Tax on assets exceeding £325,000 for a single person or £650,000 for a married couple or civil partners.
- Probate and the administration of deceased persons’ estates including post death variations.
- Planning for clients using offshore structures and tax planning opportunities for both UK and overseas clients.
- We also offer a pre and post life trust review and compliance service