Planning for the future

Welcome to the first newsletter dedicated to issues affecting individuals, families and business as they plan for the future. 

We understand the wide range of legal, financial and emotional issues that families face, especially in times of transition. With experience to anticipate challenges before they arise and an empathetic approach to helping individuals and families make informed decisions about their future planning, Russell-Cooke's private client team provides families with seamless access to the specialist advice they need, when they need it. Our nationally recognised cross border expertise serves our clients from around the world. 

Russell-Cooke’s teams and people are leaders in many fields of law, meaning we can provide all manner of specialist advice to all our clients under one roof.  The Private Client team works closely with our pioneering Trust and Estate Disputes Team to resolve difficult family situations, our Real Estate and Conveyancing Team on property issues and transactions, our Family Team both pending and after divorce or separation and our Charity and Social Responsibility Team developing our philanthropy offering to our clients.

In this issue we want to reassure clients that despite the challenges presented by the pandemic, there have been some silver linings in the private client sector.

Private client update articles–Summer 2021

Team update

  • Dawn Alderson retired in December 2020 after many years leading the French Team.
  • Christopher Salomons was promoted to partner last July and is now heading up the French Team with dual qualified solicitor/ Advocat Patrick Delas.
  • Roz Gray also retired in July 2020 and was one of the longest standing Russell-Cooke staff members after over 40 years!  We are delighted that two of our legal assistants have recently qualified : Suzannah Lindon-Morris as a solicitor and Sarah Gilbert as a Legal Executive.

Private client team in the news 

  • Capital Gains Tax

Since April 2020, a CGT Property Disposal Return must be filed at HMRC within 30 days of the completion of the sale of a residential property, if there is capital gains tax payable.

  • Trust Registration

Since 6 October 2020, all Trusts of any kind need to be registered at HMRC, whether or not any tax is payable.

  • March Budget

Inheritance tax thresholds have been frozen until 2026 which could be described as a tax by inflation. The nil rate band has been £325,000 since 2009!  The extension of the Stamp Duty deadline is good news for executors selling properties.

  • 23 March - tax day

Tax Day brought welcome confirmation that, from January 2022, no inheritance tax return will be required for 90% of non-taxable estates, where a Grant of Probate is applied for. HMRC have also said they will permanently dispense with the requirement for a physical wet signature on inheritance tax forms.

If you would like to speak with a member of the team you can contact our solicitors on; Kingston office 020 3826 7529 or Putney office 020 3826 7515 or complete our enquiry form.