At their heart Estates are innovative, which is often forgotten, although driven by necessity due to owners recognising substantial cost is incurred to simply maintain the asset base year on year.
At Lovewell Blake we recognise this and provide specialist advice to help estate owners preserve, grow, and adapt their assets for future generations. There is no set process although we can be trusted to provide experienced support for core estate needs such as:
Our key services
Accounting and compliance services for complex ownership structures
Clear and accurate financial reporting
Strategic tax planning tailored around estate needs
Succession and inheritance planning to safeguard family wealth
Support with diversification, investment, and estate development
Supporting the estate with charitable and community responsibilities.
A menu of services should not be the focus, but it is important to acknowledge we have the expertise to deliver these services. Landed estates have mostly evolved over many generations meaning unique requirements and issues will be encountered.
This creates the unique nature of an estate, and one quick example highlights why expert support is needed. If you write down as many taxes as you can muster there is a good chance a Landed Estate has exposure to them. This is not by design, but rather due to estates being a custodian enterprise meaning forward thinking advice has been needed to ensure assets are preserved for the next incumbent to services their needs - and that of the community. In the main this will have achieved prescribed aims, but it does mean the right support is needed to navigate the next estate chapter.
Support in such circumstances is equally unique because no two estate businesses are the same. The nature of the asset base, and how they are deployed, is often consistent with uniqueness coming from historical asset structures and the timing of succession.
As UK taxes have evolved over the past 30 years (mainly capital taxes) these have created trigger points which families acted upon in good faith to protect the future estate needs. A smorgasbord of structures has therefore been generated which explains why expert, and personal, support is critical to help navigate future requirements.
Our team is partner led to ensure sufficient experience is provided to the owners so key challenges can be resolved. We understand family and business structures will have become more complex as time, tax rules, law and structuring has evolved meaning support to an estate is more about finding compromise rather than absolute solutions.
We are confident to recognise, through our experience, that to be the case with future support coming from being part of the core team who engage regularly to help protect, grow and pass on the estate. Preserving estates for future generations is at the heart of our work.