Our UK team advise on all aspects of family wealth management, including estate planning and succession. Advising in the private wealth arena today requires a sound understanding of the mechanics and tax effects of a range of different entities. Our UK team work closely with Forsters' corporate lawyers to establish bespoke vehicles such as Limited Liability Partnerships and Family Investment Companies alongside more traditional family trusts and general partnerships that form the bedrock of wealth structuring advice in the UK. We have in-depth knowledge of all the relevant personal taxes and we have a team of corporate tax specialists who can advise on more complex transactions involving family business entities.
A particular strength of our team of lawyers acting for clients in the UK lies in the emphasis on team work. We aim to build long-lasting relationships not only with our clients, but also with their other advisers.
Our clients include:
- business owner and managers
- shareholders in major companies
- landed estate owners
- London residential estate owners
- private equity and hedge fund managers
- artists and musicians.
In addition to acting for high-net worth individuals, we are regularly instructed by charities, trustee companies, banks and other businesses to advise on UK points of law and taxation and to draft trust and corporate documentation.
Forsters' Private Client practice is top ranked in the latest editions of The Chambers HNW Guide.
From growing a business to starting a family or handing over control of that business to the next generation, every individual has their own goals to aspire to. Our Private Wealth lawyers advise our clients throughout this family life cycle, providing the legal advice required for specific transactions such as purchasing a home or selling a business, whilst also advising on the long-term opportunities for succession and estate planning.
In Lexology Getting the Deal Through's Private Client 2021 guide, Forsters' Private Wealth team have outlined the important estate planning issues that international clients need to consider if they wish to invest in or come to the UK.
As we move towards a period of post-lockdown global recovery, many wealthy individuals and families will be looking at how they can use their wealth to contribute to a more sustainable future for the benefit of their own families and others.