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Succession & Estate Planning

Succession and Estate Planning for later life (and considering how to pass your assets on to the next generation) is an important task.

Our specialist Holiday & Home Parks team has unique experience in acting for the owners of holiday and home parks and appreciates the sensitivities involved in future proofing your business.

What is Succession & Estate Planning?

Succession & Estate Planning includes a wide spectrum of advice for clients looking to plan for their future including:

  • The preparation and updating of Wills
  • The creation and management of Lifetime Trusts to ensure the effective transfer of assets from one generation to another
  • The creation and registration of Lasting Powers of Attorney (LPAs) to ensure, in the event of a loss of mental capacity, a trusted individual can make decisions about your property and financial affairs, or your health and welfare
  • The Administration of a deceased’s estate

Why should I consider Succession & Estate Planning?  

As a park owner you have substantial assets and it is important not only to plan effectively for the transfer of those assets to the next generation, but to consider what you would do if you could no longer operate your business.

In the absence of any Succession & Estate Planning there is a risk that your wishes will not be carried out and/or that your Estate may be liable for a larger amount of Inheritance Tax.

In addition there is considerable benefit to advance planning to ensure that the Administration of your Estate after death is as straightforward for your loved ones as possible.

How we can help

Our Holiday & Home Parks team will take time to understand your business and your wishes and will guide you through the process involved, offering practical solutions to meet your needs.

We also work closely with other professionals in the industry who can provide you with detailed financial and tax planning advice to ensure the Inheritance Tax payable on your Estate is minimised as far as is possible.

 

For more information about our services, to discuss your wishes, or to arrange a home/park visit, please email or call Blacks’ Holiday & Home Parks team today on 0113 207 0000.

What our clients say

  • The team at Blacks have given us legal advice on a number of occasions. Each team member we’ve dealt with has been very professional, efficient and helpful.

  • I have used Blacks for matters concerning residents on the park and for the sale of a park. Aimee Hutchinson in particular is an exceptional individual, it’s not often you receive feedback/advice out of normal office hours but with her it seems part of the norm which is what I like. The full team in Blacks seem very competent and I will for sure use them in the future.

  • I would like to extend my gratitude to Aimee at Blacks for her expert advice and guidance. I found Aimee to have expert knowledge in this field and she was professional at all times. One of the major areas where Aimee’s expertise was most used was in her assistance in formulating contracts, which were acceptable to me and to my Caravan owners. In addition, she was accessible and courteous at all times. I would not hesitate in recommending her to other people in the Holiday and Park Home industry.

  • We cannot thank Aimee enough for her support and guidance over the last 6 months. As a small family business facing the daunting journey of taking legal action due to non-payment of pitch fees and utility bills, this has been made so much more bearable by Aimee’s knowledge and leadership, guiding us every step of the way. We would definitely recommend Aimee and Blacks to anybody in the Holiday and Home Park industry.

  • I would like to thank Aimee for her expert advice in my first year as a park owner.

  • It has been a real pleasure working with Blacks – Nick and his team have really helped us in everything from acquiring another holiday park recently to supporting us with complex mobile home act issues. They always react quickly and understand what we are trying to do.

  • Nick helped me through the sale of my family’s Holiday Caravan Park & Residential Park. His knowledge of the industry meant that I was guided through everything and I felt like he was always at the end of the phone when I needed him.

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