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Company

Wedlake Bell

Position

Partner

Index

Legal Directory & Hommes d'Affaires

Tax & Trust Advisers

Tax & Trust Lawyers

Location

London, United Kingdom

Advice type

Estate planning

Tax planning

Client types

Non-domiciles

Families

UHNW

Entrepreneurs

Geographical focus

Russia

France

India

China

Sector focus

Accounting

Business and Consumer Services

Profile

Camilla Wallace

Description

‘I translate complex areas of the law into plain English and assist my clients with navigating their way through life-changing events – certainly in tax terms – such as death, divorce, relocation and succession to or sale of wealth/family businesses,’ says Wedlake Bell’s head of private client group, Camilla Wallace.

Wallace advises HNWs on estate planning to mitigate the incidence of inheritance tax and control the devolution of estates using lifetime gifts, trusts and tax-efficient wills. She also advises on capital gains tax and income tax mitigation strategies as regards lifetime tax planning. She has extensive experience of both offshore and onshore trust structuring, and advising trustees and beneficiaries in relation to the day-to-day management and administration of trusts and estates.

Things are ‘as busy as ever’, she says. ‘Most of our clients have been reviewing their estate planning and housekeeping, making sure that everything is up to date and in order.’

A tragic aspect of lockdown has been an uptick in ‘Covid estates’ and probate work. She’s also juggling ‘a dozen or so’ relocations in preparation for the 2021/22 tax year. ‘London may have had a high Covid rate, but it hasn’t put people off in the long term,’ she says. The issues that clients were concerned about ‘post-Corbyn and pre-Covid’ – estate planning and succession planning – are now being looked at with a ‘lot more focus’.

She also sits on the firm’s board. Other highlights have included drafting wills, lasting powers of attorneys and lifetime trusts to mitigate tax or carry out estate or succession planning, and providing pre-arrival tax and remittance planning to non-UK domiciliaries. She’s also advised on the UK tax implications of UK real estate structures set up by non-UK domiciled individuals, and advised entrepreneurs on pre-liquidity as regards tax litigation, estate planning and succession.

The firm’s specialist tax, trust and estate lawyers form one of London’s longest established and most experienced Private Client practices, dating back to 1780. Its size and team-based structure allow the firm to build close working relationships with its clients, offering a flexible, personal service. ‘Clients can therefore be confident that our advice is bespoke and that every detail has been considered with their specific circumstances in mind,’ the firm says.

Rank: Top Ten

Top Ten 2020, Tax & Trust Lawyers

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