Max is Head of Rix & Kay’s Wills, Estate Planning & Trusts Team based in Brighton & Hove and overall head of the firm’s Private Client Department. He has many years experience advising individuals and their families about personal tax, estate and succession planning. He is a member of both the Society of Estate Practitioners and Solicitors for the Elderly.
In addition, he also leads the firm’s Healthcare and care home sector group and has played a lead role on the firm’s ongoing care home thought leadership.
Max acts for clients of all ages and backgrounds but has particular expertise in guiding business owners and senior directors who want to ensure an orderly succession to their business interests, at minimal tax cost, as they start to consider stepping back from running day-to-day operations. He regularly advises business owners on ways to structure their wills to take advantage of the very generous Inheritance Tax reliefs for business assets.
Experience and approach
Max has considerable expertise in Inheritance Tax planning. He also advises on all aspects of trusts and related tax issues. This often includes structures for property ownership where the finance has come from the Bank of Mum and Dad. He has wide experience of resolving the personal, legal and tax problems which can arise during the administration of estates.
His hands-on approach allows him to act as a personal advisor and to ensure that clients have their affairs in perfect order so that the next generation inherit at the right time for them and the family. He aims to minimise tax costs by making full use of legitimate exemptions but without entangling his clients in artificial or aggressive tax planning.
Areas of expertise
- Inheritance Tax planning
- Wills Trusts: setting up, amending and breaking; related tax issues
- Succession planning for business owners
- Complex probate matters
- Joint property ownership arrangements
- Life policy trusts
- Capital Gains Tax and Stamp Duty Land Tax
- Powers of attorney
- Mental capacity issues
- Living wills
What Max’s clients say
“The Team have good availability, are good at explaining things and have empathy. They are very approachable people and have technical expertise in probate, trusts and property. They know their stuff.”
Chambers and Partners 2016
Creation of trusts before land acquires development value
Max has been involved with several cases recently where land owners transferred land to trusts for the benefit of their children before the value was increased by planning permission, thus significantly reducing the longer term impact of Inheritance Tax without triggering short term Capital Gains Tax problems.
In recent months Max has had a number of matters where he advised trustees on restructuring trusts holding valuable properties in order to meet the changing needs of the families concerned and to reduce the longer term tax impact.