Inheritance Tax Planning: How to Benefit from the Residence Nil Rate Band up to a Potential Allowance of £1 million for a Married Couple
Emma Parsons Personal Wealth
Emma leads a team which specialises in providing wills, trusts and tax planning advice for high net worth individuals, professionals, academics, entrepreneurs and farmers. Emma is also adept in dealing with complex probates for families across multiple jurisdictions, with a particular focus on business-owning families.
Emma is skilled at providing efficient succession planning advice, involving complex assets such as business interests, so as to ensure that these assets are held in a tax efficient manner and can seamlessly pass down to future generations. She also takes a multi-disciplinary approach, dealing directly with her clients and with their other professional advisers, where appropriate, so as to ensure that they receive comprehensive advice.
Emma is experienced at dealing with complex administration of estates, including multiple jurisdictions, contested probates and agricultural and business interests requiring extensive negotiation with HM Revenue & Customs.
Emma is known for being supportive and approachable to all her clients, whilst also providing robust, thorough and clear advice that ensures that the client’s objectives are achieved. Emma understands business and personal requirements and works with you to tailor solutions to your needs.
As a team, we have been looking after the interests of wealthy individuals and families in East Anglia for many generations. We work together to plan ahead and manage your affairs successfully, and also to protection your interests in times of crisis and dispute. We understand that with substantial wealth and complex needs, you retain a range of advisers including accountants and investment managers, and we enjoy working as part of a team to make sure you achieve your goals.
Emma qualified as a solicitor in 2012 and joined Barr Ellison Solicitors as a Partner in 2019. She is STEP qualified and is the secretary of the STEP Cambridge branch. Emma is also recognised as a ‘rising star’ by the Legal 500 in its 2020 rankings.
The benefit of an after death Deed of Variation over you just making a gift is that it can be read back as if the deceased made the gift themselves for both Inheritance Tax purposes [...]
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