Bio
Simon is a Private Client Partner.
Simon advises farmers, business owners, and individuals an Inheritance tax issues, advising on strategies to follow to mitigate their liability.
He also works with reviewing trust arrangements that have been put in place. In relation to trust documentation, Simon sources the appropriate documentation to meet clients’ needs.
Simon is skilled at finding solutions around Inheritance Tax and its mitigation.
Examples of Simon’s work include:
- Reducing an individual’s inheritance tax liability by means of transferring two farm cottages that would not qualify for Inheritance Tax relief into separate discretionary trusts.
- Supporting a business client with a will that passed some of their shares to chargeable beneficiaries, which would have meant that around £8 million of Inheritance Tax would have been payable under the new legislation; the will was reviewed and a trust put in place to preserve the integrity of the company, and facilitate the desire to favour chargeable beneficiaries without any Inheritance Tax being paid.