I’m a Private Client lawyer at PwC. My main goal is to help clients manage, protect, and increase their wealth for the future. This applies even if their assets or family are spread across different places.1
My team and I collaborate with advisors within PwC. We offer extensive estate planning services. These services include how assets are owned and family governance advice. PwC’s strong global network of legal and tax professionals connects us to experts worldwide.
With this network, we provide a unified service. This means we can serve as the main point of contact for all legal and tax matters globally.
Key Takeaways
- Comprehensive estate planning services to structure, protect, and grow your wealth
- Access to PwC’s global network of legal and tax experts for integrated service
- Advice on family governance and asset ownership structures
- Inheritance tax planning and mitigation strategies
- Personalized wealth transfer solutions for multi-generational preservation
Private Client Legal Services for Wealth Management
Our Private Client practice is dedicated to helping our clients protect and grow their wealth for the future. We have a team of over 120 private client solicitors across the country. This team is experienced in settling difficult issues like disputes over Wills, probate, and trusts, even when foreign interests are involved.2
We help those who are rich, families who own businesses or land, and people starting their own businesses. Our special areas include planning your estate, managing Court of Protection matters, family law, buying homes, and sorting out disputes.2
Structuring Assets for Future Generations
We know a lot about international family law, which lets us give specialized services for big property deals. We’re also experts in dealing with taxes when buying or selling property, like income tax, inheritance tax, and capital gains tax.2
Our work covers helping clients with buying and selling homes in the UK and abroad. We also advise on preparing for the next generation to inherit and how to protect assets from taxes.2
Estate Planning Strategies
If you have assets or family across countries, we can help with planning your Will and trusts.2 We’re also good at handling Court of Protection matters, which can involve different countries.2
Our experts can also give advice when relationships break down, like on matters of divorce. This includes breaking off civil partnerships or disputes between partners who weren’t married.2
Family Governance and Wealth Transfer
We provide personal legal advice to help families and businesses keep and grow their wealth, especially those with global interests.2 Our experts in areas like mental capacity and care solutions for the elderly and international Court of Protection work use smart strategies to manage costs and resources well for our clients.2
Our focus is also on stopping family arguments in advance, mainly in planning who will inherit. This way, we work to make sure wealth moves smoothly to the next generations.
Global Network of Legal and Tax Professionals
At PwC, our clients get unmatched access to a global team. They’re experts in legal and tax issues all over the world. This team focuses on clients in the US, Europe, and the Gulf. They’re great at advising on things like offshore trusts.3Being in Lexwork International means we can work with local lawyers worldwide. This gives our clients full support, no matter where they are.3
Integrated Service for Wealthy Individuals and Families
We provide a complete service to wealthy individuals and families. Whether they’re managing global assets or planning for the future, we’re here to help.3Our team knows their way around international estate and tax laws. We give specific advice on various taxes. Plus, we keep our services cost-effective, making sure our clients get great value.3
Single Point of Contact for Global Legal and Tax Needs
Our aim is to make legal and tax matters easy for our clients. We act as the sole contact point for all global legal and tax needs. By doing this, we make the process smooth and efficient.3We use PwC’s wide range of resources to create custom solutions for every client. This ensures they get exactly what they need.3
Industry-Focused Legal Expertise
At our firm, we get that clients need advisors who really understand their industry and market.4 Our lawyers do more than know the law; they work in specific fields, giving advice that’s both detailed and practical.4
Understanding Your Business and Markets
We make it our job to know our clients’ industries well, including the challenges and goals. This focused approach lets us spot any upcoming problems and offer solutions that fit what you need.4
If you’re dealing with the ins and outs of estate planning, wills and trusts, asset protection, probate, or inheritance tax planning, our team is here to guide you.4
Practical Advice from Technical Experts
Our team doesn’t just focus on the law; they are part of the industries they serve.4 This firsthand experience lets us offer advice that’s not just legally sound but also considers your specific needs.4
From legacy planning and wealth transfer strategies to end-of-life planning and fiduciary responsibilities, we use our industry know-how to guide you.4 This includes helping with tax planning, inheritance laws, power of attorney, living wills, and charitable giving.
Law for Estate Planning
Sorting out estate planning might seem tough, but with the right help, your belongings can be safe. We, a skilled team of legal experts, focus on guiding you through various estate planning methods. This includes making wills, setting up trusts, guarding assets, and planning for taxes on inheritance.
Wills and Trusts
It’s crucial to make a solid will for estate planning. Shockingly, just 29% of people have done so, and 36% haven’t even begun5. Our specialists are here to assist. They can help make a will legally binding and look into using trusts. This helps protect your wealth for those who come after you.
Asset Protection Strategies
Keeping what you’ve earned secure is vital. We offer advice on various ways to do this. This could be through how you own things, setting up trusts, or other protections. We will craft a plan that fits just right with your goals and needs.
Probate and Inheritance Tax Planning
Dealing with probate and taxes can be overwhelming6. In the UK, there’s an Inheritance Tax exemption on gifts between spouses. Our experts will help you get through this. They aim to lessen the tax amount and make transferring your wealth to loved ones smoother.
Working with us means your estate planning is in good hands. We will help create a plan that keeps your assets safe and meets your wishes. This is for now and what’s to come.
Legacy Planning and Wealth Transfer
Many wealthy individuals and families want to keep their money safe and pass it to future generations. At PwC, we have a team of experts in estate planning and asset protection. They work with clients to make plans that fit their family’s wishes and goals.
Multi-Generational Wealth Preservation
Dealing with end-of-life plans can be complicated and emotional. We guide clients through laws on inheritance, power of attorney, and wills. Our goal is to make sure their plans match what they want for their loved ones.
Surprisingly, only 14% of people have laid out their estate plans. Also, 22% don’t understand what a lasting power of attorney is. This shows how important our help is in making these big choices.5
Charitable Giving Strategies
For those wishing to give back through charity, our experts can offer advice. We help clients choose the best ways to give that also offer tax benefits. Their philanthropic goals are crucial in our custom solutions.
According to the Allianz American Legacies Study, true legacy planning focuses on four key areas. These include sharing your values, fulfilling specific wishes, preserving emotional items, and managing financial assets. We ensure our clients understand and plan for every aspect.
Our tax specialists work hand-in-hand with our clients to design the best wealth transfer plans. 67% of people haven’t thought about estate planning, which is a reminder of why our work is essential. We offer a head start in this key area.
Our way of legacy planning covers everything our clients might need. From making wills and trusts to handling probate and tax planning, we’re with them every step. Especially in farm families, where the legacy is deeply tied to tradition and emotion, this work is both crucial and cherished.7
End-of-Life Planning and Fiduciary Responsibilities
End-of-life planning is key to making sure your voice is heard and your family is safe. Make sure to create living wills and choose someone to make decisions if you can’t. Pick people who are smart about money, pay close attention, and are easy to reach for these roles.8
Living Wills and Power of Attorney
With a living will, you can say what medical care you want, even when you can’t talk. Having a power of attorney lets someone important in your life make decisions for you, like handling your money. Be sure to pick a power of attorney who’s into details, has the time, and knows about money stuff.8
Protecting Vulnerable Family Members
Estate planning helps keep family members who might need extra support safe. This might mean naming someone to make sure they get the right care. The person you pick needs to always do what’s best for them, even if it’s tough.9
Planning for the end of your life, with living wills and power of attorney, can bring peace and make sure your wishes are followed.10 Don’t forget to check these papers often and change them when your life or thoughts change.10
Tax Planning for High-Net-Worth Individuals
Being an expert in estate planning, I see the hurdles high-net-worth individuals must face. It’s all about keeping their wealth safe for the future.11 By using special trusts, high net worth individuals can cut down their taxable estate. Stuff like bypass or charitable lead trusts can make a big difference.
Don’t forget about strategic annual gifting. This can lower the value of your estate before taxes.11 Plus, there are trusts and partnerships that protect your assets from things like lawsuits and divorces.
If you’re looking to give back, a charitable remainder trust is a smart move. It not only gives you a tax break but also an income. This helps charities you care about too.11
For those running businesses, there’s a lot to consider. You might use buy-sell agreements or trusts to hand over business interests.11
Inheritance Tax Mitigation
12 For some tax authorities, estates over £20 million are high net worth. But advisors may see £2 million as the mark. They need extra tax planning help.
Estate over £2.5 million can’t benefit from special tax cuts.11 This is where trusts come in. They play a key role in planning for the future of your wealth, even beyond your lifetime.
Life insurance isn’t just about covering debts. It stops assets from being sold when things get tough.11 Then, there are giving strategies. Using gift tax exclusions and paying for education and health care can help reduce your estate’s tax and help your family too.
International Tax Implications
11 Having assets worldwide makes tax planning more complex. But with the right strategies, you can navigate through these challenges.
Lifetime trusts are a powerful choice for saving on taxes and protecting wealth for the family.12 Also, certain investments offer tax breaks that notably lower the inheritance tax bill.
Before you start giving gifts, it’s wise to get legal advice. Not all gifts serve your tax goals.12 Handling the estate of a high-net-worth individual calls for various skills. Collaboration with different experts is key. They cover different areas critical for this planning.12
Real Estate and Property Planning
As a copywriting journalist, I know adding SEO keywords helps readers find our content. This is especially true for13 estate planning. We handle everything from simple wills to managing big estates and land.
Luxury Property Management
Our specialists help rich clients protect their valuable real estate. We advise on14 trust structures, giving to charity, and ways to lower tax bills. We know all about the taxes and laws for luxury properties.
Estate and Land Planning
Our work isn’t just about fancy homes. It includes planning for estates and land, too. We custom-make14 estate plans using trusts and other tools to keep wealth safe for heirs. Knowing the latest in13 inheritance tax law helps us protect clients’ lands and properties.
Family Office Services
We know that wealthy families face unique challenges. So, we provide Family Office services. These services help manage professional advisors and offer custom family governance solutions.15
Our services handle various financial and legal matters for families. This ensures easy access to expert advice. We cover wealth management, succession planning, and more.15
We give advice on relationship changes, like pre-nuptial, post-nuptial, and cohabitation agreements. We also help with post-divorce children arrangements and education.15
Need help with disputes? We assist in settling trust issues, will disputes, and more. Plus, we provide advice on real estate, philanthropy, and reputation management.15
Also, we can guide you in charitable giving, managing real estate, and protecting your reputation. This is especially important in today’s quickly changing world.15
Coordinating Professional Advisors
Our Family Office services help manage your wealth and affairs smoothly. We are your central support, ensuring all your legal and tax needs are met globally.15 We provide a unified service, acting as a single point of contact.16
Personalized Family Governance Solutions
We know every family has different needs and goals. That’s why our Family Office services are personalized. We offer family governance solutions to protect and grow your wealth for future generations.15 We help you make a strategic plan that supports your family’s long-term vision. This ensures your assets are well-managed and your family’s legacy is secured.16
Conclusion
Estate planning is key for the financial safety of your loved ones in the future.17 Many people skip this task, focusing more on their jobs, money, and personal goals.17
Estate planning is very important.17 It helps cut down on probate issues and lowers your beneficiaries’ taxes.18 A solid estate plan ensures your wishes, like healthcare and guardianship, are met.17
It also keeps family ties strong and deals with care in old age.1718 This reduces fights over property.17
Legal experts who know about estate planning can help.18 They guide you in creating a plan that fits your needs and secures your family’s future.18
FAQ
What services do your Private Client lawyers offer?
What is the benefit of your integrated service offering?
How do your lawyers provide practical, industry-focused advice?
What expertise do you have in the planning and environmental law space?
What types of planning matters can you assist with?
How do you support clients in the education, manufacturing, and housing sectors?
Source Links
- https://coolebevislaw.com/legal-services/wills-probate/estate-and-wealth-planning/
- https://www.clarkewillmott.com/legal-services/private-wealth/
- https://www.bdbpitmans.com/expertise/services/individuals/international-tax-and-estate-planning/
- https://www.lblaw.co.uk/estate-planning/
- https://www.shma.co.uk/our-thoughts/for-life-wills-trusts-estates-estate-planning/
- https://www.legalandgeneral.com/insurance/over-50-life-insurance/later-life-planning/estate-planning/
- https://tlcplanning.com/estate-vs-legacy-planning/
- https://norrismclaughlin.com/elder-care-special-needs-law-blog/health-care-decision-making/understanding-fiduciary-roles-and-considerations-in-choosing-who-to-appoint/
- https://trustandwill.com/learn/fiduciary-duty
- https://www.investopedia.com/articles/retirement/10/estate-planning-checklist.asp
- https://uniqueestatelaw.com/2024/05/17/estate-planning-for-high-net-worth-individuals-special-considerations/
- https://www.furleypage.co.uk/insights/law-updates/succession-and-tax-planning-for-high-net-worth-families/
- https://www.lawdepot.co.uk/estate-planning/
- https://www.investopedia.com/terms/e/estateplanning.asp
- https://www.russell-cooke.co.uk/services/family-office-service
- https://www.forsters.co.uk/services/private-client/family-offices
- https://www.garethwebb.co.uk/news/the-importance-of-estate-planning-protecting-your-loved-ones-future.htm
- https://randa-fa.co.uk/the-importance-of-estate-planning/