Legal specialist for private wealth management
Specialist lawyer for high net worth families
Secure your family’s future for generations
Passing your assets to the next generation is a process that requires considerable preparation, particularly high net worth individuals who ultimately have more to give. Successful high net worth estate planning involves multiple elements, from tax planning to the use of Trusts and Wills. Each element will need to be very carefully structured and integrated.
Keep your wealth in your family
Your dedicated lawyer, whenever you need us
By establishing long-term relationships with our clients and their families we are able to provide in-depth, clear and bespoke wealth planning services.
Our Private Wealth expertise includes:
Private Wealth and divorce
Pre and post nuptial agreements
Tax, estates and succession planning
Wills and probate
Estate planning, UK & abroad
Purchase and sale of high value properties.
All areas of non residential land and property acquisitions and disposals.
Business succession planning, including business restructures, refinance arrangements and preparing shareholder agreements.
Don’t risk expensive mistakes.
Supporting high net-worth families since 1882
The Goughs approach to private wealth
Our expert team of solicitors provide advice on all aspects of wealth planning for high net worth individuals. Our advice is bespoke to our clients’ needs. We find practical solutions to meet our clients’ objectives in relation to tax efficiency, asset protection and succession planning.
10% Discount across all legal services for military families
Very professional service
Very professional service - at a difficult time due to Covid 19.
Helpful, prompt and efficient
Ms Michelle Fielding
I would definitely recommend Goughs
I definitely would recommend Goughs they were very efficient, very helpful and always informed us of what was happening in the chain.
Ms Kathleen Lucas
Thank you very much for doing a great job
Thank you very much for doing a great job as always, would recommend you for sure for being so efficient and getting the job done as quick as possible.
Very helpful. Advice clear with plenty of time for us to consider all the options before making decisions.
Very thorough, and we also got forces discount.
The Legal 500 is a research, ranking and publishing firm
Knowledgeable individual solicitors who when necessary are able to work together to review problems in depth and put together sensible, appropriate and achievable solutions.
Chambers & Partners
Chambers and Partners produces international rankings for the legal industry
Adept at handling complex divorce proceedings and related financial disputes. Regularly assists with challenging private law children cases. Offers further experience in negotiating pre-nuptial and cohabitation agreements.
My first port of call for all legal services
I have found Goughs Solicitors in Chippenham & Trowbridge to be fast and very efficient in their services to me, they understand your instruction and get on with it! They are very easy to talk to, which is equally very important to me. They are my first port of call for all legal services.
I have used Goughs solicitors for conveyancing on more than one occasion. I found them to be extremely efficient and professional and wouldn't hesitate in recommending them.
Very human, understanding, trustworthy, feeling of honesty.
Your private wealth questions answered
The simple answer is yes. In recent years the law has developed to make pre-nuptial agreements very powerful documents, provided all the necessary legal requirements have been met.
At Goughs Solicitors we act for many wealthy individuals for whom protecting and passing on your wealth to your loved ones is an inevitable priority at certain points in life. Our expert team of family lawyers advise on pre-nuptial agreements to ensure that wealth passed down to children who plan to marry is protected. We also advise those who have married but have not received an early inheritance yet, and a post-nuptial agreement can be a sensible way to ensure protection for family wealth is in place before steps are taken to gift assets or money, or to transfer business assets as part of an early inheritance.
For those who have been married before, who are bringing high value assets to a marriage, are likely to inherit or receive wealth in the future, or wish to recognise the position of children from previous relationships, a pre-nuptial agreement, or a cohabitation agreement where parties do not intend to marry but will live together, is a sensible and even essential safeguard to put in place.
The Private Wealth team at Goughs Solicitors are specialists in advising on the creation and administration of Trusts, and in particular, in relation to the preservation of wealth. Trusts have long been used as vehicles to offer protection to family wealth.
A Trust will give assets to the people you allocate (the Trustees) to hold for the future benefit of others (the beneficiaries). Trusts can be set up during your lifetime (by using a Trust Deed) or upon your death (when included in your Will). Trusts are often used as a tool for the benefit of inheritance tax planning.
The Goughs Private Wealth team are able to offer bespoke advice in respect of every client’s individual needs.
Succession planning can involve making a Will to set out who you wish to inherit your assets. For complex families and particularly those with high net-worth, there may be additional steps required. This could be creating Trusts or family investment companies to protect your wealth for future generations. It may also include the appointment of professionals to assist in the management of your assets. Succession planning will:
Manage family expectations of their inheritance to avoid future disputes
Educate the next generation on their future responsibilities and how to manage their large inheritance
Minimise inheritance tax
Assist you in deciding how to hand over control of your business
Allow you to consider the rewards of allocating some of your wealth to charity (find out more of the benefits by clicking here.)
Give you the opportunity to plan for unexpected circumstances, such as losing mental capacity
The Private Wealth team at Goughs Solicitors, Wiltshire, specialises in advising clients on how best to structure their estates to ensure their wealth is passed down through their family.
A Will may be the most important legal document a high net worth individual can consider and create. A Will sets out how your assets, business, property and finances, will be distributed on your death.
Although, in cases of ultra high net worth estate planning you must have a very clear and comprehensive idea of how you wish your assets to be broken down on your death. A Will is the essential part of the process to ensure this happens.
Goughs Solicitors can offer advice tailored to you and your family to create a Will that suits your requirements. A vague or confusing Will may get contested after your death which will ultimately mean further suffering, and financial burden, on those left behind.
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Local since 1882, with an excellent reputation
First-class, effective service
Nationally accredited law firm
Recognised by Legal 500 and Chambers & Partners
Our departments work together so we can address all of your specialist legal needs smoothly and efficiently.
Your private wealth team
Explore everything you need to know about protecting your wealth in marriage.