Nick works with high net worth clients, advising on estate and succession planning strategies at Wedlake Bell. He advises on tax efficient lifetime giving, the use of trusts as a vehicle for long term succession planning and the preparation of tax efficient Wills.
Nick also has a particular focus on the administration of complex high value estates, often covering multiple jurisdictions. This includes advising families on post death tax planning options.
Nick assists with the management of family trusts, as well as providing advice to trustees on a range of issues, including the simplification of complex trust structures and tax mitigation opportunities.
Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.
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