Probate and Trust Administration
Probate work has been the cornerstone of our practice since the firm started in 1780. We have a specialist team who administer a wide variety of estates. This cover estates with UK based assets and estates with multi-jurisdictional interests where working with overseas advisors is required to provide a seamless service.
Our Probate team has significant experience in dealing with HMRC and negotiating on inheritance tax reliefs available. It also understands what disclosure requirements HMRC requires in order to avoid unnecessary queries later.
We also have extensive experience of dealing with the establishment and administration of trusts that have been created in lifetime or under a Will. This can include advising multi-generational trusts holding considerable family wealth to the administration of trusts for grandchildren’s school fees or over the family home.
Our detailed knowledge of tax legislation and the duties of trustees (a number of our Partners and Consultants act as trustees) means we can provide expert advice on income tax, capital gains tax and inheritance tax on the initiation and during the administration of our trusts– dealing with annual accounts, filing tax returns and advising on strategies for distributing wealth down the generations.
We keep our trustees up to date and on top of the latest compliance regimes introduced to combat money laundering and/or terrorism steering them through what are complex and burdensome regulations.
Please see here for regulatory information in respect of our fees for uncontested probate work, as required by the SRA’s Transparency Rules.
Oxford University Press: Advancing forward—narrowing the divide between powers of advancement and powers of appointment
Oliver Embley explains the differences between powers of advancement and powers of appointment, including how such powers can be exercised to benefit non-objects of a trust. The article discusses the… Read more →