Harris + Harris were asked to review the business affairs & investments of a farming family.

The professional experience of the Wills, Probate + Trusts Department enabled us to prepare tax efficient Wills & recommend lifetime gifts of development property. This preserved the assets of the family & businesses for the next generation in the most tax efficient way. The work also involved setting up flexible trusts to give the some measure of control over the gifted assets. The interest of a disabled beneficiary were also protected by a special trust which enabled the use charitable exemptions from Income Tax & Inheritance Tax.

Tim Berry, the partner in charge, said, "This can be a complex area. It is not enough just to understand the law. Our experience enabled Harris + Harris to balance the interest of the different generations, and of the ongoing business. We had to combine specialist knowledge & be sensitive, especially as some of the people involved had disabilities. At the end of the day it is very satisfying to find solutions for families we have known & acted for over many years" .

Contact

• Tim Berry
  Wells Office
• Annemarie Swainson
  Wells Office