Wealth & Inheritance
Preserving wealth for individuals, couples and families both now and for future generations is what our Private Client Team specialises in.
As individuals and families, we work hard and spend many years accumulating a safety net for our retirement in the form of property, savings and other assets.
Our Private Client Team work with clients to ensure that your savings and other assets are protected from unnecessary tax upon your death; thus preserving wealth for your dependants and future generations.
Headed by Partner Miriam Tarrant-Smith, the team comprises six legal practitioners and five support staff offering a full range of legal services. As Miriam explains, “We all want to provide for our families as best we can and ensure that we minimise our tax liabilities.”
“With the increasing growth in the value of our properties, the number of second families or other complex family arrangements, clients at the very least need to put in place a Will ensuring that their assets will pass on death in accordance with their wishes.”
“We assist in the administration of the estates of deceased individuals, liaising with the Inland Revenue regarding the inheritance tax payable, applying for a Grant of Probate and subsequently distributing the estate and setting up any ongoing trusts contained in the Will. We also deal with the day to day management of Trusts, ensuring that all relevant taxes are settled and the correct legal documentation is in place.”
A growing area of work is that of advising clients on the funding of care provision for themselves or elderly relatives. Linked to this we assist clients in nominating someone to make decisions for them regarding their property and finances or even regarding welfare matters if they become incapable of doing so via a Lasting Power of Attorney or, if they have already lost mental capacity, via an application to the Office of the Public Guardian for the appointment of a Deputy to administer their affairs.
Miriam concludes by talking about the Firm and the service we offer, “We are a forward looking Firm and are proactive in responding to changes in the law and the profession as a whole. We recognise the need to provide our clients with sound technical legal advice and a quality service that represents value for money and clients happily recommend the use of our services.”
