Tax planning & financial products

It is becoming increasingly likely that you will need to consider inheritance tax in your overall financial planning. We are able to work with your financial advisor to inform you of the current rules regarding inheritance tax, to optimise the possibilities open to you and to ensure that the legal paperwork produced meets your requirements. 

Certain financial products can assist in removing capital from your estate whilst providing you with an income. These products can form part of the overall inheritance tax planning strategy for you and your family and include investing in companies which qualify for business property relief and discounted gift trusts.

A discounted gift trust is designed for people who do not need access to their capital and wish to retain the right to draw a regular income. Once set up if allows a percentage of cash to be outside your estate and not liable to inheritance tax on your death. The percentage will depend on your age, sex and health as well as the size of the capital withdrawals. The balance will become fully exempt from inheritance tax once you have survived a further seven years from the date of the gift. 

Life assurance may help those you leave behind to pay the inheritance tax, although life assurance cannot negate the tax due. This type of policy will pay out the cash to pay the tax as soon as it is due. Not only does this save your family from the financial worry and stress of having to find the money themselves it also enables probate (which can take some time) not to be further delayed.

It is, however, important to ensure that the insurance policy is written into trust otherwise the policy proceeds may be counted towards the value of your estate. Our experts can assist you with drafting the appropriate trust documentation and advising you of its suitability.

Working with you and your family we will advise on:

  • All aspects of life assurance trusts
  • All aspects of discounted gift trusts
  • Maximising business property relief by investing in the alternative investment market. 

Meet the team

Partners

Gary Pick
Partner & Head of Private Client Services Group
Private Client
Poole
01202 339032
0779 381 6843
Private Client
Elizabeth Webbe
Partner
Private Client
Salisbury
01722 426943
07917 710 919
Private Client

Associates

Mihiri Gajraj
Senior Associate & Head of Private Client Southampton
Private Client
Southampton
023 8082 0544
Private Client
James Hammersley
Senior Associate
Private Client
Poole
01202 338563
07467 943446
Private Client
Sarah Richards
Associate and Head of Private Client Poole
Private Client
Poole
01202 673071
Private Client
Martha Swann
Associate
Private Client
Poole
01202 339013
Private Client

Solicitors

Holly Algar
Associate
Private Client
Southampton
023 8082 0515
Private Client
Derek Bryer
Solicitor
Private Client
Salisbury
01722 426912
Private Client
Gary Cox
Consultant
Private Client
Poole
01202 339049
0782 601 9764
Private Client
Arcadius Gregory
Solicitor
Private Client
Poole
01202 338555
Private Client
Shumona Neswar
Solicitor
Private Client
Salisbury
01722 426990
Private Client
Laura Stone
Solicitor
Private Client
Poole
01202 339038
Private Client

Chartered Legal Executives

Jenny Shucksmith
Chartered Legal Executive
Private Client
Salisbury
01722 426973
Private Client

Tax Advisor

Paula Arnold
Trusts & Tax Practitioner
Private Client
Poole
01202 339039
Private Client

Paralegals

Rachel Kent
Paralegal
Private Client
Salisbury
01722 426991
Private Client

Trainee Solicitors

Zach Rooney
Trainee Solicitor
Private Client
Poole
01202 338552
Private Client

Legal Assistants

Hannah Daley
Legal Assistant
Private Client
Southampton
023 8082 0497
Private Client

Legal Secretaries

Sarah Adams
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Jane Bilton
Legal Secretary
Private Client
Salisbury
01722 426907
Private Client
Karen Carter
Legal Secretary
Private Client
Southampton
023 8082 0452
Private Client
Sarah Cobb
Legal Secretary
Private Client
Poole
01202 338558
Private Client
Jane Fielding
Legal Secretary
Private Client
Poole
01202 339006
Private Client
Rachael Francis
Legal Secretary
Private Client
Salisbury
01722 426941
Private Client
Ali Malone
Legal Secretary
Private Client
Salisbury
01722 426972
Private Client
Sandra Ross
Legal Secretary
Private Client
Poole
01202 339040
Private Client
Hayley Stack
Legal Secretary
Private Client
Poole
01202 339004
Private Client
Sonja Vine
Legal Secretary
Private Client
Poole
01202 339036
Private Client

General Staff

Helen Glatter
Chartered Accountant
Private Client
Poole
01202 339041
Private Client

Office Administrators

Emily Thompson
Legal Secretary
Private Client
Salisbury
01722 426982
Private Client
Megan Bailey
Administrative Assistant
Private Client
Southampton
023 8082 0509
Private Client
Claire Wilson
Administrative Assistant
Private Client
Poole
01202 339046
Private Client

First person - Wealth structuring and inheritance planning

Elizabeth Webbe