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Cecelia Ward, Senior Associate at Penningtons Manches
Areas of expertise: Private client and tax, Private wealth

Profile

Cecelia advises clients and their families, often acting for two or three generations of the same family, on how to organise their affairs to their best advantage. She is experienced in all aspects of private client work (tax planning, the use of trusts and wills, probate for example), and much of her role entails structuring assets to suit the family in the future, and ensure the best fiscal result. She assists clients with family difficulties, difficult assets or assets in difficult jurisdictions and those with complex affairs.

Cecelia has particular expertise in advising clients whose wealth is within their businesses - both family businesses (including farms) and entrepreneurs. She is proactive and supportive of her families over the years, and this enables her to spot and avert tensions within the family becoming business problems, or business problems causing family tensions. While some of Cecelia’s clients are Surrey-based, the majority reside elsewhere in the UK or overseas.

Cecelia qualified with a Magic Circle law firm in 1997 and joined Penningtons Manches in 2004. She is also qualified as a Chartered Tax Advisor. The latest edition of Chambers High Net Worth recognises her as a leading individual in her field.

Recent work highlights

  • Acting for two generations of a farming family in structuring assets, particularly development land, in the most effective way to achieve the best fiscal result, avoid family conflict and ensure equality between farming and non-farming family members.
  • Advising the executors of an estate with significant assets in four different jurisdictions, some of which are difficult assets to value and realise.
  • Planning for the UK tax liabilities of the trustees and UK resident beneficiaries of a US based trust with UK domiciled and resident, UK domiciled and temporarily non-resident and non-UK domiciled and non-UK resident beneficiaries in light of the recent changes in legislation.
  • Advising three generations of a family with succession issues and family difficulties in relation to their various family businesses.
  • Advising a family, including the executors of an estate incorporating business interests and farmland, on structuring the development of that land and cashflow, as well as on claiming tax reliefs; assisting the trustees of family trusts in relation to rearrangement for the next generation; and providing guidance on tax planning for the next generation personally.

Penningtons Manches LLP

Penningtons Manches LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority. San Francisco is an associated office.

Penningtons Manches LLP