Amy is a Partner in the Landed Estates and Agriculture Team.
She is often asked to take on the role of trusted adviser to families, working holistically and pro-actively with an overview of their affairs. Her aim is to ensure family harmony in difficult areas such as succession whilst always being alert to tax planning opportunities.
Amy works alongside other key advisers, trustees and family members navigating the unique challenges and opportunities that Landed Estates encounter. Working with high-net-worth individuals to provide bespoke lifetime planning advice to mitigate tax liabilities, creating and administering trusts typically for affluent families or where there are complex family issues. She also works with personal representatives in administering large value estates.
Current clients include high net worth individuals and families, landed and rural estates, business and property portfolio owners, farming families, trustees and estate administrators.
Examples of how Amy has helped clients recently include:
- Supporting a landed estate operating a core farming business with various areas of diversification, specifically around inheritance tax and succession planning along primogeniture lines. Including updating testamentary documents, setting up new lifetime settlements, transferring assets, drafting a partnership agreement for a new partnership structure, documents to change trustees and to terminate an existing settlement.
- Mitigating the tax implications for a landowner and his daughter who had entered into an option agreement with a developer in relation to re-structuring his affairs to ensure tax efficiency in the event planning was granted, including advice on the creation of a new partnership structure and lifetime gifting.
- Advising executors on the administration of a very large and complex estate involving multiple business interests both of a trading and non-trading nature incorporating a full ‘Balfour’ review to determine the extent of Business Relief.
- Establishing tax efficient means of distributing income on behalf of the Trustees of multiple family trusts, enabling them to benefit family members with very different personal and financial circumstances.
- Advising on conditional exemption for heritage assets and offers in lieu for a landed estate family.