Cripps Harries Hall

You may want to pass assets down to your children without relinquishing control. Trusts - either in Wills or set up during your lifetime - can be a tax efficient and effective means of succession planning.

What we do

Wills often include trusts, which can be used to ring fence assets for effective succession planning.  These can be nil rate band discretionary trusts, flexible life interest trusts or full discretionary trusts.

Lifetime trusts are a useful structure for giving property away during your lifetime (perhaps to children) so reducing the liability to inheritance tax on death, but at the same time allowing you to retain control.

Trusts can be very flexible allowing trustees to alter the provisions of the trusts, change the beneficiaries and pass assets down to future generations. There are also ways of ensuring that life assurance proceeds and pension death benefits do not fall into your estate for inheritance tax by make a trust during your lifetime.

We also provide succession planning for family businesses and landed estates.

Our clients

We act for a broad range of high net worth individuals both in the UK and internationally including business families, farming families, entrepreneurs and professionals.

Why Cripps Harries Hall?

This is the type of work we have been doing since the firm was founded. We have been advising many families for generations and have got to know them well. They have come to trust us to protect their family wealth.

We have a vast store of knowledge and experience, but we are also at the forefront of new ideas, with all the tax planning, trusts and estate experience, agricultural and property expertise and trust administration skills that you might need whether you live in the UK or abroad.

Next steps

For further information please contact Mary-Anne Gribbon or Peter Scott.

• Following successful negotiations with HMRC to obtain agricultural property relief for IHT, dealing with substantial restructuring of family trusts to ensure relief is available in the future.
• Advising and supervising the rearrangement of an offshore settlement with a value of approximately £1.5m
• Advising the owner of a highly successful fund management business on how to make a tax saving but at the same time retain control by putting shares into a trust and taking advantage of business property relief for inheritance tax on the transfer
• Advising wealthy clients on how to help their chidren with the purchase of their first flat using a trust while retaining control and not taking away the incentive for the children to make their own way in life.