On 15th March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) received Royal Assent. According to the Government, the Act aims to tackle economic crime by...Find out more
Head of Private Wealth
We have many years of experience in helping clients to think about the inheritance they would like to leave for their heirs and then planning that inheritance in a tax-efficient way.
For most clients, a first step is to have an effective Will in place. Regardless of how simple or complex your financial or family situation may be, a Will gives you the ability to determine what happens to your property and assets after your death. It can also give you the peace of mind that your affairs are in good order.
People who die without a valid Will, should be aware that their assets will pass in accordance with fixed rules, laid down by law; this may not reflect their wishes. It may also increase the costs of – and the amount of inheritance tax – payable when they die.
Our experience extends not only to UK clients but also to non-UK domiciled and resident individuals. We have expertise in dealing with worldwide assets, trusts, business transfers on death, succession and tax planning and asset protection.
Beyond the preparation of Wills, our wider estate planning services encompasses advice to UK and international clients in relation to all their affairs; this includes advice on efficient tax-structuring. Our good standing with HMRC puts us in a strong position to help, often finding simple solutions to tax problems that may have arisen.
Druces is ranked by Legal 500 in this field:
“Amazing team, very professional, focused, driven for results, and truly care with a 24/7 approach”
“Lovely team and a very safe set of hands across the board. Combine legal knowledge with humanity, which is a rare combination in a ruthless market.”
“I have found working with Druces over the past four years very easy. They are very professional but friendly and helpful.”
• We advised a private individual in connection with his estate planning; leaving a multi-million pound SIPP to his long term partner before his death and dealing with inheritance tax planning in relation to his multi-jurisdictional estate.
• We advised on the estate planning and wills for a Chinese businessman and his wife, domiciled in China, with assets, in US, Channel Islands, France and China.
• We advised on the will and estate planning for a recent divorcee. The estate included valuable works of art which required specialist planning.
Head of Private Wealth