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Wealth structuring covers planning how to protect, manage and transfer a family’s assets during lifetime and after death, combining estate planning, trusts, and tax-efficient arrangements. A solicitor in this area drafts and revises wills, sets up and administers trusts, arranges lifetime gifting, and coordinates enduring powers of attorney and guardianship, so wealth and responsibilities pass smoothly to the next generation. They also advise on executory administration, valuations, and potential tax implications under regimes such as inheritance tax, capital gains tax and stamp duty land tax, ensuring arrangements align with legal requirements and family aims.
A solicitor handles the complex structures and processes that protect assets, including the creation and administration of trusts, lifetime gift schemes, and the drafting of wills and powers of attorney. They navigate provisions in tax statutes and registers, liaise with HMRC on tax consequences, and advise on eligibility for reliefs and exemptions while coordinating with executors and beneficiaries to ensure robust wealth transfer.
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