Tax and Succession

Passing assets over to the next generation is usually driven by tax planning considerations but inherited wealth brings its own risks and anxieties.

Those who have worked hard to create or preserve family wealth can face the risk that such wealth may be dissipated by extravagance, recklessness, bad management or by the consequences of divorce or separation. We have a strong commitment to the role of the experienced family adviser providing both technical advice and a source of wise counsel.

With the largest trust and tax practice in Scotland, we offer advice on all aspects of estate and succession planning from will drafting and powers of attorney to the setting up of trusts and detailed advice on inheritance and capital gains tax. In the case of individuals or families wishing for more extensive advice on financial and legal matters, we can draw on the skills of our family law, investment, financial planning and employment law experts to ensure that our clients’ plans are properly integrated and fully considered