Sophie Voelcker's Case Studies

Tax, trust and succession advice to cross-border family

We work with a prominent international family with significant UK trust interests invested through an open-ended investment company (OEIC) and in UK and foreign property.

We act for three generations of the family on all aspects of private client advice covering extensive succession planning, trust administration and UK tax advice for the family members, trustees and beneficiaries, to include coordinating all foreign legal and tax advice for the family members who are resident outside the UK.

We recently established a new LLP to hold the large family estate in the UK run as a profitable business in order to preserve inheritance tax reliefs.  We also created a new development company to carry out additional work to the estate to add significant value to the family’s portfolio and arranged three competitive commercial loans for the LLP and trustees in order to refinance the existing structure and provide further working capital to invest in the estate.

Estate planning for UHNW family

We act for an UHNW client and have recently created a Family Investment Company (FIC) for the client in which he and his children are shareholders.  After a particularly acrimonious divorce, this FIC has been a reconciliatory way to show his children and ex-wife that he is committed to still being a “family” and also a clever way to involve his children in estate planning. The growth in the FIC will belong to the children and outside of his estate for inheritance tax purposes but funds are starting to pass to the next generation in a timely fashion. The children are hugely appreciative and attend annual board meetings along with the client.

The client has entered politics at a very high level and will be under direct public scrutiny. We have considered how the planning looks from every possible angle and factored this into the type of company we incorporated ensuring confidentiality is paramount.

Recommended in the Legal 500 2019 editorial with the comment: “very strong and capable of handling delicate matters for demanding UHNW clients”.

Sophie Voelcker


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