Bruce leads Rix & Kay’s private client offering in Sevenoaks. With eleven years’ experience of advising individuals on how to effectively manage their personal wealth, he has a detailed understanding of personal tax planning, creation of trusts and the administration of estates.
Bruce’s clients
Bruce works closely with high net-worth individuals, business owners and families, helping them to grow and protect their personal wealth and assets for the benefit of themselves, their families and successive generations. He also works with trustees and executors who are responsible for managing and dealing with complex trusts and estates.
Experience and approach
Bruce is praised by clients for his ability to build up a solid understanding of their personal circumstances and guide them with empathy rather than simply providing yes/no answers to problems.
It is this approach, coupled with his detailed knowledge of the legal framework that surrounds tax, trusts and estate planning, that allows his clients to understand the issues they face and make fully informed decisions as a result.
Bruce is a full member of the Society of Trust and Estate Practitioners (STEP)
Areas of expertise
- The administration of estates
- Creating trusts
- The administration of trusts
- Will drafting
- Estate planning
- Tax planning
- Lasting Powers of Attorney and Enduring Powers of Attorney
Bruce’s work – Complex estate administration
Bruce worked in partnership with a high net worth individual advising them on their estate worth in excess of £10 million which comprised of various properties, investment portfolios, and loans and gifts made to the client’s children. Bruce advised on both the practical and tax implications of leaving part of their estate to their children and the remainder to charity.
Bruce’s work – Advising Executors and beneficiaries
Bruce dealt with the administration of the estates of two clients who died within quick succession of each other which consisted of a valuable property and various investment portfolios. The three ultimate beneficiaries each wanted to receive their entitlement to the estates in differing ways and it was necessary to advise the executors on how best to structure this in the most tax efficient way; and to ensure that each beneficiary received the sum they were entitled to, whilst dealing with other inheritance tax issues arising within the estate itself.