IN TRUST SUMMER 2017
12 / 07 / 2017
WELCOME FROM THE EDITOR
It is my pleasure to welcome you to this issue of In Trust. In the wake of the shock General Election result and newly-formed minority Government, there will be an inevitable period of uncertainty, and it is important to take tock of those matters that are within our control. Estate planning and wealth management strategies can help bring certainty and financiallstability for you and future generations of your family, and in this issue we highlight some key themes that you might want to consider to ensure your personal affairssare in order for whatever lies ahead.
In this issue, Katie Turney, one of our Private Client Solicitors, sets out some pragmatic tips to help your executors, as we anticipate changes to probate fees that may be introduced by the new Coalition.
Camilla Wallace, Head of our Private Client Group, and Ed Starling, Partner in the Insolvency and Restructuring team, explore the benefits of simplifying your family business, which include potentially sizeable reductions to capital gains and inheritance tax as well as helping shareholders realise capital.
Clare Armitage, Senior Associate, discusses tax relief for family homes, with the introduction of the inheritance tax “Residence Nil-Rate Band”, which may be applicable even if you downsize or sell your family home.
Following two contentious and highly publicised probate cases, Ilott v The Blue Cross and Martin v Williams, Caroline Miller, Partner in our Private Client team, explains the need for thorough and regular Will reviews.
In addition to this, we examine ways to protect properties from fraud, with Jessica Cousins, Solicitor in our Private Client team.
As we enter the second half of 2017, faced with political uncertainty at home and abroad, we remain steadfast in our commitment to providing the highest quality Private Client advice. We look forward to advising you soon.