Tax and Succession Planning

Effective succession planning is more than just creating an updated Will; for clients with large and complex estates, you can make trust structures or family investment companies to help protect your wealth for the next generation.

Succession planning can ensure your children, grandchildren, and any other individuals with whom you have long-term relationships benefit from your estate when you pass away.

Myerson's team of expert succession planning solicitors can help individuals ensure their family members are included in future plans.

Benefits of succession planning include:

• Help manage family expectations of what they will inherit.
• Help the next generations manage a large inheritance.
• Minimise inheritance tax on your assets.
• Understand how to handle international assets.
• Decide who will control your business.
• Set aside a portion of your wealth for charity.
• Plan for unforeseen circumstances, such as the loss of mental capacity.
• Appoint chosen professionals to manage your assets and business interests.

Individuals with assets abroad will face international tax laws that differ from the taxation laws in the UK.

Our team of international tax solicitors have years of experience helping individuals with international estates.

We will help individuals and families remain tax efficient whilst ensuring they comply with complex international tax regulations.

Myerson is also the Manchester and Cheshire law firm member for the MSI Global Alliance. As tax planning can involve an international element, we can call upon the expertise and knowledge of our fellow MSI associates.

Our tax planning solicitors work closely with chartered accountants; however, Myerson does not provide financial services or investment advice.

• We have been ranked as a Top Tier law firm by the Legal 500 for the last seven years and recognised as a Top 200 Law Firm in 2022.
• You will have access to experienced inheritance tax lawyers across the Myerson Private Client Group that can help with tax and succession planning issues, business property relief, and outright gifts.
• You will receive city-quality wealth legal advice and commercial services at regional prices.
• Our succession planning inheritance tax solicitors provide a partner-led service to ensure you receive the best wealth legal advice and support.
• Our wealth lawyers understand that it is important for wealthy individuals to manage their wealth to support the next generation of their families.
• Our specialist succession and inheritance tax planning advisors understand that each matter is unique to your circumstances and that you need support from a wealth lawyer experienced in dealing with various clients and types of work.
• Our full-service law firm operates from a one-site office, so our teams communicate effectively and efficiently. Our succession and inheritance tax planning team often consults with our family, contentious trusts, and property teams to provide specialist advice.
• Our succession planning inheritance tax team uses the latest technology to ensure that we are working as efficiently as possible, and that geographical distance does not prevent us from providing excellent legal advice and personal service.
• Look at the Myerson Promise for further benefits of working with us here.