Estate planning and conditional exemption

Estate planning has always been challenging, but having a robust succession plan has become even more important following recent changes to the inheritance tax regime. Our specialists work with clients to plan and implement a long-term strategy for managing the transfer of assets and responsibilities between generations, ensuring business continuity and financial stability while avoiding family disputes.

Estate planning and conditional exemption services

Succession planning

Our estate consultancy experts understand the importance and sensitivity of succession planning. After working with the same clients for many generations, we have developed a deep understanding of common estate planning issues, from the tax implications to the emotive conversations that accompany any succession plan. We work with clients to ensure everyone in a family – including those who may not be directly involved in the estate or farming business – can move forward with clarity and confidence. Our conversations focus not only on taxes and asset transfers but also on the efficient management of the business and its long-term viability. We can also offer independent advice on navigating complex and sensitive discussions with family members.

Conditional exemption advice

As part of our estate planning service, our specialist teams can also help clients navigate the process of applying for a conditional exemption from inheritance tax for national heritage assets. Qualifying assets for a conditional exemption include buildings, estates or parklands of outstanding historical or architectural interest, or land of outstanding natural beauty and spectacular views.

More than just logistics and legalities

We understand that estate planning is about more than logistics and legalities, taxes and transfers. It is about creating a legacy and ensuring it works efficiently for family members for generations to come. While succession planning is understandably a sensitive topic for many families, a clear, agreed-upon strategy clarifies discussions when the time comes. The key to success is honesty, openness, and starting the conversation in good time. If you’re ready to start thinking about what your succession plan will look like, get in touch today.