Top Recommended Tax & Trust Lawyers
Ask any adviser to the super-rich and they’ll tell you that London’s ancient appeal is stability – stability which some worry might be a thing of the past.
‘Often now new legislation comes in and it’s very politically driven,’ says Patricia Milner, Withers’ co-head of wealth planning. ‘Because it’s rushed through, the thought as to how it might operate and the implications aren’t given the same sort of detailed analysis. That leads to uncertainty – not only for practitioners, but also for clients – and uncertainty isn’t good for anyone.’
An experienced adviser, Milner has spent a lot of time in the past year advising multi-generational, multi-jurisdictional clients on family succession plans – a growing need as families look to navigate the ever-expanding minefield of global tax.
She highlights the government’s register of trusts as one to watch – a register to which only HMRC remains privy, at least for now. ‘The question is whether it will be public,’ she says. ‘In this world of ever-increasing transparency, it may only be a matter of time until things change.’
Cheerful and engaging, the avid runner qualified as a solicitor in 1991 and previously worked at Slaughter & May before joining Withers in 1994.