Helping people at a very difficult time of their lives is one of the most rewarding aspects of Alex Taylor’s role as a wills, trusts and estates expert for the last 18 years
Having moved from London to Cheltenham 16 years ago, Alex advises clients on their wills, the setting up of trusts and the administration of estates. His work also includes the preparation of Lasting Powers of Attorney and dealing with the Court of Protection. Alex is also a trustee and executor of a number of trusts and estates as well as acting as an attorney and deputy for clients.
He has a broad client base, including those with business assets, agricultural assets and clients who want to mitigate their inheritance tax liability.
While achievements are not marked by winning cases in this area of law, being able to help clients at such important moments is rewarding. Alex may be helping someone who is recently bereaved through an estate administration, structuring a client’s affairs so that they can efficiently pass their wealth down to the next generation or help family members to step into the shoes of a parent or relative who no longer has the ability to manage their own finances.
Alex said: “My top tip for my clients is to start their planning at an early stage, whatever their financial situation. For young parents, it may simply be having their own will which makes provision for their children by way of choosing the people to look after them from a pastoral or financial perspective.
“Or it could be the family business owner considering how to pass the business down to the next generation and tackling family dynamics. On another track, that planning ahead means preparing those Lasting Powers of Attorney which allow someone you trust to help with either financial or health and welfare decisions for you.”
Outside work, sport, both his own and his family’s involvement, plays a big part in Alex’s life. He said: “I enjoy a game of tennis and I coach my younger son’s rugby team at Old Pats. Pandemic permitting, I can also be found supporting Gloucester at Kingsholm on a Saturday afternoon and I look forward to the return of the Cheltenham Festivals.”