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thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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Asset protection can take many forms. It can be motivated by a wish to avoid or defer a capital tax charge, an intention to provide for family members, or a desire to safeguard personal wealth in the event of a divorce or separation.

Lifetime gifts and planning

Asset protection can involve outright lifetime gifts for the benefit of future generations.

If the intention is to bypass one generation completely in the interests of saving tax, the use of trusts can be an important part of this.

If assets qualifying for 100% business and/or agricultural property relief are involved, these may be placed in trust or added to an existing trust without an inheritance tax charge.

Trusts can enable an individual to reduce his or her estate for inheritance tax purposes but without placing assets directly into a beneficiary's hands, so they can offer an additional level of control that is not available on an outright gift.

Family investment companies

Family investment companies can be another effective way of safeguarding assets, and these are becoming increasingly popular with clients as an alternative to trusts. They often involve complex tax considerations as well as questions of company law, and we have considerable experience of advising our clients on the issues they present.

For further information, please download our Briefing Note below.

Not just saving tax…

Looking beyond tax can be a key part of asset protection. Wrigleys can advise on the most tax-efficient ways of protecting your assets, as well as considering possible alternative ways of achieving your aims such as:

  • Providing for vulnerable individuals.
  • Handing over a business.
  • Preserving existing wealth for future generations.
  • Protecting against insolvency.

Pre- and post-nuptial agreements

Increasingly, pre- and post-nuptial agreements are used in order to help safeguard a married couple's assets should they divorce. Cohabitation agreements are also becoming more and more common for non-married couples who wish to live together but protect their wealth should they separate. We can prepare and advise in depth on all of these, as well as any relevant tax considerations. Further detail on these agreements, together with cohabitation agreements can be found here

Of Peter Greswold: "Peter's peers praise him for being a "trustworthy source of expertise." His practice consists mainly of advising clients on tax matters affecting their business interests."

- Chambers & Partners

Of Marie-Louise Hamilton: "I rate her very highly - she is very much an expert in the field."

- Chambers & Partners

Asset Protection

Peter Greswold View Biography

Peter Greswold

Partner
Leeds

Marie-Louise Hamilton View Biography

Marie-Louise Hamilton

Partner
Leeds

Andrew Wriglesworth View Biography

Andrew Wriglesworth

Partner
Leeds

Meet the team

Peter Greswold View Biography

Peter Greswold

Partner
Leeds

Marie-Louise Hamilton View Biography

Marie-Louise Hamilton

Partner
Leeds

Andrew Wriglesworth View Biography

Andrew Wriglesworth

Partner
Leeds

Angus Hunter Smart View Biography

Angus Hunter Smart

Partner
Leeds

Ann Duchart View Biography

Ann Duchart

Partner
Leeds

Charlotte Dyson View Biography

Charlotte Dyson

Solicitor
Sheffield

Ian Potter View Biography

Ian Potter

Partner
Sheffield

Julia Boyes View Biography

Julia Boyes

Partner
Leeds

Kate Thornton View Biography

Kate Thornton

Solicitor
Leeds

Katherine Wainman View Biography

Katherine Wainman

Solicitor
Leeds

Elizabeth Pearson View Biography

Elizabeth Pearson

Solicitor
Leeds

Lynne Bradey View Biography

Lynne Bradey

Partner
Sheffield

Matthew Wrigley View Biography

Matthew Wrigley

Partner
Leeds

Paul Colman View Biography

Paul Colman

Solicitor
Leeds

Peter Clarkson View Biography

Peter Clarkson

Solicitor
Sheffield

Philip Nelson View Biography

Philip Nelson

Partner
Leeds

Thomas Wainman View Biography

Thomas Wainman

Solicitor
Leeds

Moving closer towards 21st century pensions trusteeship

The Pensions Regulator is proposing clarity on its powers to impose financial penalties on trustees. The outcome may mean an increase in fines.

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Professional Trustees - a chimera of the pensions world?

The Pensions Regulator consults on a definition of 'professional trustee' as we face an increasing drive towards '21st century trusteeship'.

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Charity trustees criticised for selling property too cheaply

Charity Commission finds ‘basic and serious mismanagement’ by the trustees in selling land for £15m less than it was worth.

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Charity Tax Group Regional Meeting

Date: 04 May 2017

Venue: Radisson Blu Hotel, The Light, Leeds

Speaker: CTG’s Chairman and Technical Adviser

Further information and booking

Through the Maze - June 2017

Date: 06 Jun 2017

Venue: DoubleTree by Hilton, Leeds

Speaker: Various

Further information

Employment Law Update for Charities 2017

Date: 15 Jun 2017

Venue: Hilton Leeds City

Speaker: Guest Speaker: David D'Souza, CIPD, Head of London

Further information and booking

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