Tax, Estate and Succession Planning 

Effective business succession planning is about more than preparing a Will.

It involves considering how ownership, management and control of a business will transition, whether through the next generation, existing shareholders, a management team or a future sale. 

Whether you own a family business, a privately held company or hold other significant business interests, careful succession planning can help protect the value of your business, provide certainty for stakeholders and support your long-term objectives.  

Our solicitors advise on the legal structures needed to facilitate a smooth transition, including shareholder arrangements, trusts, family investment companies and wider estate planning solutions, working alongside your accountants, tax advisers and other professional advisers where appropriate. 

We help clients develop succession strategies that align their business and personal objectives, protecting both commercial interests and private wealth for the future. 

Benefits of succession planning include:  

• Create a clear plan for the future ownership and management of your business.  
• Protect business continuity and minimise disruption.  
• Align business succession with your wider estate planning objectives.  
• Put appropriate legal structures in place to preserve business and personal wealth.  
• Provide clarity and certainty for shareholders, family members and other stakeholders.  
• Consider assets and business interests held across multiple jurisdictions.  
• Plan for future incapacity through Lasting Powers of Attorney and appropriate governance arrangements.  
• Coordinate your succession strategy with your tax, financial and corporate advisers.

Our experienced private client solicitors regularly advise clients with assets in multiple jurisdictions and work alongside trusted advisers in the UK and overseas to coordinate succession planning across multiple jurisdictions.

We can help manage the legal aspects of your estate, ensuring your affairs are structured effectively while collaborating with local tax and legal professionals where specialist jurisdictional advice is required. 

Individuals with overseas assets or international connections may be subject to both UK and foreign tax rules, making effective succession planning increasingly important.  

Changes introduced from April 2025 mean that UK inheritance tax on worldwide assets is now determined by an individual's long-term UK residence rather than domicile. 

Our solicitors can advise on how the current rules apply to your circumstances, helping you understand the legal implications of the current rules and working alongside your tax advisers to ensure your succession arrangements remain appropriate. 

As the Manchester and Cheshire member firm of MSI Global Alliance, we have access to an established international network of lawyers, accountants and professional advisers, enabling us to coordinate advice efficiently where assets or family interests span multiple countries. 

Several members of our Private Client team are STEP-qualified, demonstrating recognised expertise in trusts, estates and succession planning for both UK and international clients. 

Our tax planning solicitors work closely with chartered accountants; however, Myerson does not provide financial services or investment advice.  

• Award-winning Private Client team – We were named Tax & Wealth Planning Team of the Year at the Private Client Modern Law Awards 2026, recognising our expertise in estate, succession and wealth planning.
• Recognised by leading legal directories – Our Private Client team is ranked by The Legal 500 for Personal Tax, Trusts and Probate, where we are recognised for advising high-net-worth individuals on estate and succession planning, trusts, alternative business structures and cross-border estates.
• Led by a Band 1 lawyer – Our team is led by Bik-ki Wong, who is ranked Band 1 for Private Wealth Law (Manchester and Surrounds) in the Chambers High Net Worth Guide and is recognised by The Legal 500 as a Leading Partner.
• Collaborative, full-service expertise – Estate and succession planning often overlaps with corporate, property, family and contentious trust matters. As a full-service law firm, our specialists work together to provide coordinated legal advice.
• Working alongside your trusted advisers – We work closely with accountants, tax advisers, financial planners and investment advisers to ensure your estate and succession planning is supported by a coordinated professional team.
• Expertise across complex private wealth matters – We advise business owners, entrepreneurs, landowners, farming families, high-net-worth individuals and clients with UK and international assets on protecting and passing on wealth.
• International capability – As the Manchester and Cheshire member firm of MSI Global Alliance, we can coordinate advice with trusted legal and professional advisers across multiple jurisdictions.
• Partner-led service – You'll receive practical, commercially focused advice from experienced solicitors who take the time to understand your personal, family and business objectives.
• Seamless support – Operating from a single office, our teams work closely together to provide efficient communication and joined-up legal advice throughout your matter.