Lifetime planning

Our clients are based all over the world. Whether they are giving to family members, trustees, charity or foundation, a common goal is typically to pass on their assets in an orderly way, and to minimize their inheritance tax burden.

We use trusts and other techniques to achieve this.

Whether you wish to make lifetime gifts in the form of money, real estate, shares, artwork, intellectual property or other assets, we can advise on how to do so in a tax-efficient way.

Good lifetime planning can also ease the succession process. One New York based hedge fund manager for whom we act was concerned about the effect coming into a sudden and large inheritance could have on his children when they came of age. He asked us to create a family limited partnership that would serve as a means to enable his children to become introduced to managing investments by getting them involved in the decision making process. Additionally, the partnership facilitated a way to make tax efficient lifetime gifts into a multi-generated trust, which would enable future growth to occur outside of the clients’ estate.

‘We often talk about the stewardship mentality, educating the next generation about how to deal with their wealth,’ explains Claire Harris, who advises on all aspects of wealth planning from our London office. ‘Succession planning is not just about money, it’s an education process.’

With top lawyers also working in our contentious trusts and probate departments, we can stress-test your lifetime planning, to ensure that there are no unpleasant surprises later on.

For further help or information

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