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Amy Lane

Solicitor

Amy joined Brachers in September 2014 as a Trainee Solicitor and qualified into the Private Client team in 2016 after spending the majority of her training contact focusing on Estate Planning.

Expertise

  • Estate / tax planning for individuals, families, business owners and farmers
  • Wills
  • Administration of estates
  • Powers of Attorney
  • Trusts

Memberships

  • Dementia Friend
  • Kent Law Society
  • STEP Affiliate

Profile

Amy specialises primarily in tax planning and succession matters with a view to mitigating tax exposure and preserving family wealth for future generations by providing practical, clear advice whilst understanding the sensitivity and often competing objectives of family circumstances.

Amy provides advice on wills, powers of attorney and estate administration whilst supporting Christopher Eriksson-Lee, Partner and Head of Estate Planning.

Recent Cases

Some of Amy’s recent cases include:

  • Acting for a wealthy husband and wife with multi-million pound investments and children from previous relationships. Advice included the creation of a life interest trust to protect their assets from redirection on first death, incorporating ISA protection and creating a discretionary trust on second death.
  • Advising a farming family on the diversification of the farm to carve out a caravan park from the overall title with a view to increasing the availability of Agricultural Property Relief.
  • Advising clients on the use of a discretionary trust will for their disabled child as a means of safeguarding their estate during their child’s lifetime and advising on the appointment of trustees.
  • Advising a farming family with an existing family trust which gave a life interest to the father, about setting up a family partnership to transfer assets not eligible for Agricultural Property Relief into a partnership structure with a view to claiming Business Property Relief on the father’s death to save approximately £1.5million of tax.
  • Advising in the administration of an estate worth over £2million which included assets available for Business Property Relief and where the deceased had made a number of lifetime gifts, a successful claim for gifts out of surplus income was made creating a significant tax saving.
  • Advising a client on completing a deed of variation from her father’s estate to transfer monies into a discretionary trust and preparing a loan from the trust back to the client to mitigate the inheritance tax liability on death. The process saved approximately £260,000 of inheritance tax.

Recent testimonials

“A very professional and efficient service provided in a very kind and considerate manner.”

“All matters to do with my mother’s estate were dealt with promptly and effectively. Amy Lane was very professional in all dealing.”

“Thank you for your efficient help in settling all the Estate matters.”

“Amy knew exactly what we wanted from our brief description and handled the matter smoothly, with confidence and professionalism.”

“Very easy to talk to and discuss the matter in hand by confident and professional personnel.”

“Brachers, under the stewardship of Christopher Eriksson-Lee and Amy Lane, made the process of creating a will straight forward and quick. Their professional yet crystal clear, pragmatic approach made our estate planning easy to comprehend and with a definite purpose.”

Articles
01/03/17

Protecting your child’s inheritance

It is essential that financial provision for your children on your death is structured in a way that will help them manage the assets more sensibly. Read more

27/10/16

Charitable Giving Pays: The benefit of leaving money to charity under the terms of your will

Many people choose to make gifts to charity during their lifetime yet many are unaware of the inheritance tax saving of leaving a legacy to charity in your will. Read more

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Blogs
15/01/18

Is there a threat to agricultural and business reliefs?

HMRC published a paper last year (2017) about Inheritance Tax reliefs and exemptions which affect estate planning matters, particularly related to agricultural and business assets. For many, Agricultural Property Relief and Business Relief help with succession planning to ensure assets pass down the generations with little IHT being payable. Read more

22/12/17

Gifting tax efficiently this Christmas

Christmas is a time for giving and many will give money or other assets away at this time of year but will your gifting be Inheritance Tax (IHT) efficient this Christmas? Read more

17/11/17

ISAs - favourable treatment in estate administration

From April 2018, ISAs will continue to retain their tax-exempt status during the period of estate administration - maintaining the status until the estate has been finalised therefore inevitably reducing the tax payable during the administration period. Read more

17/11/17

Law Society backs alternative Wills

Last week, the Law Society backed alternative Wills being considered by the Law Commission saying that the court should recognise people’s final wishes, even when the current legal requirements for making a Will are not met. Read more

07/11/17

Trump’s ambition to scrap Inheritance Tax in America

Donald Trump’s ambition is to scrap Inheritance Tax (IHT) in America altogether. Read more

11/09/17

Dementia – not only affecting the elderly

A 32 year old woman is battling a rare form a dementia and is one of the youngest people in the country to have contracted the disease. Read more

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Contact me

01622 776427

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Expertise
What Our Clients Say...

"Amy knew exactly what we wanted from our brief description and handled the matter smoothly, with confidence and professionalism."

Mr and Mrs Blundell

"Amy went through step by step on how it will work."

Mr and Mrs Blundell