Tailored advice on wills, probate and powers of attorney
Whether it involves handing on the stewardship of a landed estate, arranging for younger generations to take on a family company, or simply passing on the benefit of private wealth, succession is at the front of many of our clients' minds and will often be the main motivation for any tax and estate planning.
What advice does Wrigleys offer?
It is important to view succession planning as part of a long-term exercise. Deciding which assets to hand on or retain, and when to do so, can be an important part of this.
Frequently, succession planning is coupled with maximising available inheritance and capital gains tax reliefs, in order to ensure that the assets concerned can be passed on, intact, without an onerous tax liability. This will normally involve a detailed analysis of a client's assets.
Some assets may not be integral to the overall running of the enterprise concerned and may not qualify for any tax reliefs, so could be suitable for giving away in the nearer future. Others may not qualify for tax reliefs at present, but may be a central part of the client's estate, and, given the right conditions, may potentially qualify for reliefs in future.
Is timing of advice important?
Tax reliefs cannot always be secured quickly, so it is vital to take advice early in order to secure them before it is too late.
‘Jonathan Attey who takes the lead on the excellent Agriculture and Property team is not just approachable but generous with his time and always thinking laterally. His calm and measured approach puts you completely at ease and you are assured that the best possible result will ensue. Will Foley’s attention to detail is second to none and the speed of his response is genuinely astonishing. His proactive and pragmatic approach is utterly refreshing.’
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