A webinar designed to provide understanding of the issues and opportunities to look out for to save substantial sums in tax and administrative fees following death.
10.30-11.30
During this webinar expert speakers, Kat Wainman and Yousafa Hazara will look at:
1. the law governing a person’s succession to the estate with engaging case studies illustrating planning points and potential pitfalls for individuals owning assets in the UK and in multiple jurisdictions.
2. Considering key legal concepts that may impact on Wills and succession including the impact of the EU Succession Regulation (Brussels IV) post Brexit on succession planning and Wills.
3. Tips on pre and post death succession planning in particular for those owning real estate in the UK or individuals who are UK tax residents owning assets in one or more jurisdiction. As part of this, we will cover scenarios for UK tax residents with real estate outside of the UK as well as non-UK tax residents holding UK real estate.
The Webinar will leave delegates with a better understanding of the issues to look out for and ability to spot opportunities for themselves or their client to make changes during lifetime to potentially save substantial sums in tax and administrative fees following death.
The effects of Covid19 bringing in new ways of living and working and the increased mobility of clients and globalisation of assets, property at death may be located in several jurisdictions. This means that the topic of succession has become even more relevant and proper preparation in planning and co-ordinating estate planning where there is an international dimension is important.
Click here to register for this webinar.
Kat is a senior associate solicitor in the Tax Trusts and Estates Team in Leeds. She advises landed estate and farming clients, and international families on Wills, tax, and succession planning.
Kat’s clients often hold assets in long running complex structures, including companies and trusts, and her advice involves analysing those structures and restructuring, either to simplify or pass assets on to the next generation, while ensuring tax efficiency.
Kat also advises on Wills, deceased estates, and succession planning involving international elements, such as non-domiciled beneficiaries or spouses, and foreign assets. She works with a network of lawyers across multiple jurisdictions to draft Wills to ensure tax and administrative efficiency.
Kat completed the STEP Advance Certificate in Cross Border Estates with Merit.
Yousafa is an Associate solicitor in the Tax, Trusts and Estates team in London.
Yousafa advises on all aspects of private client law with a focus on acting for high-net-worth individuals, international families and trustees on estate planning, trust structures and taxation matters.
She advises on succession planning which includes drafting bespoke wills for high-net-worth individuals and advising on other tax-related matters. This is usually in relation to safeguarding assets and wealth from creditors, matrimonial claims, and the application of succession regimes such as the forced heirship rules.
She advises individuals and trustees on relevant tax reliefs such as inheritance tax business relief, agricultural property relief and capital gains tax main residence relief.
Yousafa also advises on the creation and setting up of offshore trusts. She helps the beneficiaries and trustees of offshore trusts to ensure optimum tax efficiency.
She regularly works with international families advising on residence and domicile issues including the statutory residence test. Yousafa’s practice includes advising on the taxation of UK residential and non-residential property owned by offshore structures.
Yousafa is a member of the Society for Trust and Estate Practitioners (STEP) and in addition has completed the STEP Advanced certificate on UK tax for international clients.