About
Trusts, estates and succession planning
Terence advises on all aspects of estate and succession planning, including the preparation of wills, inheritance tax planning and the use of trusts to support long-term wealth structuring.
His work covers both lifetime planning and the administration of estates, helping clients put in place clear, practical arrangements that reflect their personal and family circumstances.
Trust structures and administration
Terence advises trustees, beneficiaries and trust companies on the establishment, operation and ongoing management of trusts, including their taxation and governance.
He supports both the day-to-day administration of trust structures and longer-term planning considerations, ensuring arrangements remain effective as circumstances evolve.
Working with families and advisers
Terence works closely with colleagues in the firm’s Private Wealth Disputes and Family teams on matters involving taxation, estate administration and complex family dynamics.
This collaborative approach enables him to support clients across both planning and contentious situations, providing joined-up advice that reflects the wider context of their affairs.
Additional roles
In addition to his client work, Terence is a trustee of a charity in Kent, supporting community projects and the upkeep of a listed historic house, and serves as treasurer of his local Scout Group.
Practising jurisdiction
He is admitted to practise in England and Wales.
Experience
- Advising the trustees of an important art collection on the Inheritance Tax and Capital Transfer Tax treatment of an inter-generational transfer.
- Advising the trustees of a large landed estate on Inheritance Tax and succession planning in the light of recent changes to agricultural and business property reliefs from Inheritance Tax.
- Advising executors and trustees in the context of a family dispute over beneficial entitlements and historic trustee decisions following the death of the senior member of the family.
- Advising the executors of an estate with assets in multiple jurisdictions, in the context of attempted lifetime tax planning implemented by the deceased without the benefit of professional advice.
- Advising the beneficiaries of a 100 year old Will Trust in an application to Court to determine the true interpretation of the TrustWorking with Bart Peerless in advising the trustees of a large landed estate on the reorganisation of trust assets for IHT planning purposes following the death of the head of the family, securing a significant IHT saving for the next generation.
- Advising, alongside Bart Peerless, on the restructuring of a large estate featuring a mixture of in-hand agriculture and let residential property with a view to making the business of the estate “Balfour” compliant in order to shelter additional property from inheritance tax. Now advising the trustees of the same estate on an application to the Court to amend the terms of the trusts using the procedure under the Variation of Trusts Act 1958.
- Advising the executors and trustees of a recently deceased South of England landowner practically on matters relating to probate, and strategically on making appropriate provision for the widow while securing the future of the estate for the next generation of the family. This estate comprised amongst other things heritage property (both buildings and chattels), sporting rights and rivers.
- Advising trustees in Jersey on UK tax and related matters relating to their interests in a 6,000+ acre agricultural estate in the East of England.
- Advising family trustees, in conjunction with the firm’s commercial property team, on the sale of farm land in Buckinghamshire for commercial and residential development.
