Private Wealth

Our aim is to assist you in preventing your wealth being dissipated by third-party claims, poor advice or unnecessary tax consequences following death. We advise on long-term protection of assets whilst enabling you to maximise the benefits of your assets in the short term.

As your wealth management solicitor, our ultimate aim is to ensure that your individual objectives are always in mind and that any planning is appropriate for your particular circumstances. Our private wealth lawyers recognise that family and financial situations change. We build long-term relationships with clients assisting them to manage, grow and protect their wealth in evolving circumstances.

How Can Pannone Corporate Help?

Over time, get to know our clients, understand their objectives and ensure that any advice from our private wealth lawyers is specifically tailored to meet their needs and concerns. Pannone Corporate’s wealth management solicitors build long-standing and trusted relationships with which often continue through generations of families.

The Pannone Corporate estate planning solicitors advise a broad range of high to mid net worth individuals on tax and estate planning.  Our clients often include business owners, property developers and entrepreneurs who have sold successful businesses. We have expertise in setting up tax efficient structures to enable the smooth devolution of wealth to the next generation and pre-business sale tax planning to minimise the tax implications of a future business sale.

Family Business

Family businesses present particular challenges as it is common for some family members to work in the business and others not to have any day to day involvement.  It is possible to split economic ownership and control so that you can choose who runs the business following your death with economic benefit and profit being distributed amongst your beneficiaries as you wish with an asset protection trust.  Discretionary trusts are often used in this context to ensure fairness between family members, so it is important to ask your estate planning solicitors to advise the best solution for you. It is also important to consider board representation as passing shares to your beneficiaries does not necessarily give them control in terms of day to day management of a business.  

Planning often includes life assurance policies and cross-option agreements to allow executors of a deceased’s shareholder to receive cash rather than shares in the business.  

Non-UK Domiciled Clients

We have unrivalled expertise as estate planning solicitors in the North West in wills and Inheritance Tax planning for non-UK domiciled clients.  Clients domiciled in certain jurisdictions (even if long-term resident in the UK) can have particular opportunities to shelter non-UK situs assets from UK Inheritance Tax.  We specialise in drafting dual will structures for Indian domiciled clients taking into account provisions of the UK / India Double Tax Treaty and have significant experience dealing with HMRC in relation to claims made under Double Tax Treaties.

How Can Our Estate Planning Solicitors Help?

We take a holistic approach towards wills and estate planning.  Members of the Pannone Corporate team meet with you in order to understand the whole picture; including the nature of assets, the way in which you expect your business to be run and the commercial and practical implications of any arrangements that are to be put in place.  Our estate planning solicitors also advise on the pros and cons of establishing asset protection trusts to assist in the smooth running of family businesses. We specialise in providing tax efficient solutions for owner managed businesses giving clients the peace of mind that their business could continue as they wish.

Contact us on 0800 131 3355 to speak to our specialist team who can help your business today. Alternatively, you can fill in our online enquiry form and we will get back to you at a time that is convenient for you.