Today as always, private clients require advisors who are able to ensure that their wealth can be protected and their wishes implemented notwithstanding the many significant changes to the law and economic situation over the past few years. 

Managing wealth through the generations has always been at the heart of Shepherd and Wedderburn's private client advice.  Through good times and bad, planning succession to the family wealth and the ongoing need to maximise wealth and minimise tax are crucial for all families to consider.

Changes to the law also affect the need to plan.  The law in relation to incapable adults has seen vast changes over the course of the past decade.  It is important to plan for a possible loss of capacity to ensure that your financial affairs and personal welfare are always managed as you wish.  Succession laws in Scotland are under review by the Scottish Government and possible changes in this area may well restrict testamentary freedom and have a particular impact on those with agricultural or business interests.  In the meantime, the administration of an estate remains a daunting task for a family member or friend.

It is essential to have lawyers who understand how best to ensure that your wishes are met and can work proactively with you. 

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