Elizabeth Davies, Partner (TEP)

Plan ahead. You’re never too young to write a Will.

Put a Lasting Power of Attorney in place.

Review everything regularly. Life changes very quickly.

How can I save Inheritance Tax?

This is something you have control over. There are many legitimate ways to reduce Inheritance Tax and we can provide general and bespoke detailed advice on how to do so. The key is to start the process as soon as you can.

Should I set up a trust?

Trusts have many uses. Contrary to popular belief, saving tax is unlikely to be the primary purpose. It is far more likely that you will need a trust to protect your assets and we can guide you through how they may help with your estate planning.

As a business owner, what issues do I need to think about?

What happens if you lose capacity, who will make decisions about the business? Will you pay Inheritance Tax on the value of my business? Can you leave your business to your family? What happens to business partners? What if you sell your business before you die? I can help answer all these questions, and having previously practised as a corporate lawyer am uniquely placed to understand your business concerns as well as your family and personal concerns.