Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
Certainty of succession – Wills and lasting powers of attorney
It almost goes without saying that the owner of a landed estate will have made a Will to direct that the estate passes in accordance with their wishes on death. They will also have put in place lasting powers of attorney so that if they lose mental capacity, there is flexibility for others to effect these wishes. Wills and LPAs are crucial documents and widely discussed elsewhere. Everyone should have a Will even if the estate itself passes by some other means, e.g. under the terms of an ongoing trust.
At Kingsley Napley, succession planning is at the heart of our private client team’s work and that includes succession planning for the owners of landed estates. I was asked to speak on this subject recently at the second edition of the Thought Leaders 4 Landed Estates & Farms Tax Conference, which was attended by some of the country’s leading advisers to landed estates. I was asked to set the scene for solutions to landed estates succession and in this series of blogs I now want to share some of my thoughts on this topic, focusing on general, practical strategies to manage this successfully.
Charles Richardson interviewed for ThoughtLeaders4 Private Client Magazine - November 2022.
Now that your affairs have been structured effectively, attention turns to estate planning. Laura Harper sits down with Joshua Moss and Ed Johnson to discuss estate planning for international Americans.
Jemma Brimblecombe
Charles Richardson
Oliver Oldman
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