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.
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.
What Bruce’s clients say
Very happy with the service and the details we were informed of – so happy with paperwork and communication.
Client Review, Anthony Walsh, July 2020
17th December 2020
Partner, Bruce Clarke and Darren Berry, Strategic Wealth Management, talk about the legal framework for business owners and when this should be reviewed in this…
16th December 2020
The BBC have published an article suggesting that a one off “wealth tax” may be on the cards. The BBC have reported that the Wealth…
2nd December 2020
As the Covid-19 pandemic continues, we have seen over the recent months that the government has had to continue to assist businesses in these tough…
1st December 2020
When talking to clients about their Wills and the wishes for their estates, they often ask if it is possible to name a pet in…
19th November 2020
Rix & Kay and chartered accountants, tax and business advisers, MHA Carpenter Box held a webinar, where our expert speakers provided an overview of some…
22nd July 2020
Last month, I commented on the possibility of the Chancellor, Rishi Sunak using his July statement to announce tax hikes to pay for Coronavirus and…
16th June 2020
It is impossible not to have noticed the effect that Covid19 has had on our economy. Next month (July 2020), the Chancellor of the Exchequer,…
29th April 2020
The Inheritance Tax Act 1984 contains provisions that mean that emergency service personnel’s estates are exempt from inheritance tax in the event that an emergency…
9th April 2020
With the current restrictions in place as a result of COVID-19, Bruce Clarke, Partner in Rix & Kay’s Wills and Estate Planning team looks at…
25th March 2020
Simple to use video calls if you need to meet with us It is fair to say that at the moment we are living in…
20th January 2020
The residence nil-rate band was introduced with effect from 6th April 2017 as a result of the promise in 2015 by George Osborne to introduce…
3rd December 2019
By now most people are aware that there is a general election on Thursday 12th December and whilst an election brings with it a time…
17th October 2019
Rix & Kays specialist trusts and tax lawyer in Kent, Bruce Clarke, explains some of the financial trust options available to individuals. Trusts are still…
16th October 2019
This week (12 October 2019) the Government announced that the proposed increase to the probate application fees has been scrapped; good news which has been…
11th October 2019
For many people, the family home is now the most valuable asset they own, particularly in the South East. When combined with the value of…
23rd September 2019
Anyone who wants to undertake estate planning to ensure they are not exposed to any unnecessary inheritance tax charges should be mindful of the ongoing…