This work covers management and transfer of private wealth in Wales through wills, powers of attorney, estate administration, trusts, succession planning, family office services and tax advice. A solicitor in Wales drafts and registers lasting or enduring powers of attorney, prepares wills and applies for grants of probate or letters of administration, structures trusts and lifetime transfers, advises on Inheritance Tax and capital gains treatment, liaises with HM Revenue & Customs, private banks, trustees and advisers, and represents clients in the Court of Protection, county courts and relevant tribunals.
What a solicitor handles in these matters
Matters require handling tax statutes and reliefs reserved to central government, trust and company structures, deeds and statutory registrations, and the registration of property and securities. Solicitors prepare trust instruments and tax elections, draft deeds of variation and conveyancing documentation, file estate accounts and tax returns with HM Revenue & Customs, and co‑ordinate with financial and tax advisers on cross‑border arrangements.