Amy is a Partner in the Tax & Trusts and Wills & Estates teams.
She has extensive experience in working with business owners, farming families and high net worth individuals providing specialist support with succession planning, wealth preservation and tax mitigation.
Amy’s expertise includes lifetime planning to mitigate inheritance and capital gains tax liabilities, advising on appropriate will structures - usually incorporating trusts or more complex provisions, creating and administering trusts typically for affluent families or where there are complex family issues. She also works with executors and trustees in administering large value estates and assisting individuals with organising Lasting Powers of Attorney for both financial and health and welfare decisions. She is also experienced in acting in different professional roles including Executor, Trustee and Attorney.
Current clients include high net worth individuals and families, landed estates, business and property portfolio owners, farming families, trustees and estate administrators.
Examples of how Amy has helped clients includes
- Supporting a landed family 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 properties out of a partnership and between spouses, 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 land owner and his daughter who had entered into an option agreement with a developer in relation to structuring his affairs if planning were granted, including advice on the creation of a new partnership and lifetime gifting.
- Administering a complex estate which included an interest in a farming partnership, a separate storage business, investments, properties and an existing will trust. This followed the completion of complex Inheritance Tax planning utilising ‘recycling’ of Business Relief following the earlier death of deceased’s husband.
- Establishing tax efficient means of distributing income for the Trustees of a high net worth family with three trusts including the consideration of the self-dealing rules and benefitting family members with very different personal circumstances.