Clara Staunton
Clara specialises in advising high-net-worth individuals on their estate planning, will structuring and trusts. Known for her personal and professional approach, Clara has extensive experience handling complex and taxable estates. She is used to dealing with sensitive family situations.
Specialisms & Areas of Work
Biography
Clara joined Myerson in 2013 and has gained extensive experience in dealing with complex estate planning and trust and estate administration. She completed the STEP diploma in Trusts and Estates in 2014. Clara was promoted to Senior Solicitor in 2016 and became a Partner in 2020.
Clara specialises in estate planning, Wills and trusts, as well as the administration of estates. She is a full member of the Society of Trust and Estate Practitioners (STEP). She regularly assists clients in drawing up Wills which are tailored to their specific circumstances and advises on inheritance tax issues. Clara has many years of experience dealing with high-net-worth individuals or those with complicated personal circumstances. She takes an active role in the firm's agricultural and private wealth sectors.
Clara has extensive experience handling complex and taxable estates. She is also able to advise on the use of trusts and set up trusts within the Will or during a lifetime. She also administers trusts and advises Trustees.
Clara has valuable experience dealing with different family circumstances and is used to dealing with sensitive issues and vulnerable individuals.
Clara is described by clients as approachable, professional, and offering an excellent service. She is regularly ranked in the Legal 500.
Client Feedback
Recent Experience
High Value Trust Work for Family Investment Company
Working with our corporate team, who were creating the corporate structure, Clara created discretionary trusts to fit into the structure. She advised the clients on the terms and practicalities of the trusts and liaised with the tax advisor regarding specialist tax treatment. She also created the right to income for certain trusts.
Complex Agricultural Estate
Clara was the lead partner on a large complex agricultural estate where Myerson Trust Corporation were appointed as independent administrators. The case was complicated due to the large amount of land and assets, and the lack of planning and paperwork by the Deceased. She project managed the estate administration, calling in experts from property, litigation and rural agents where required. She was able to steer the administration to a successful conclusion despite various complexities and disputes between beneficiaries.
Wills for a Couple with Children from a Previous Marriage
Clara advised a couple on their Will structure, where they were concerned about looking after the surviving spouse but protecting capital for the children. Using trust structures, Clara was able to draw up Wills that were tax efficient but also met the needs of the various beneficiaries.
HNW Wills and Estate Planning
Clara prepared a will leaving assets to a discretionary trust in order to provide asset protection on the death of the second spouse. She also advised on lifetime tax planning, including gifts out of capital and gifts out of surplus income. She created a lifetime trust to receive a lifetime gift and advised the clients accordingly.
Trust Administration
Clara oversees the administration of a trust with a vulnerable beneficiary. She advises the trustees on their compliance obligations and ensures that the HMRC requirements are met. She liaises with the financial advisor in respect of investments in the trust and also with family members to assess the needs of the beneficiary.
Awards & Rankings
Memberships
- STEP Accredited
Insights & Media
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