Tim is a highly experienced solicitor with approaching 40 years’ expertise in advising business owners and wealthy individuals on a wide range of Private Client matters.
Tim specialises in succession planning for complex and multi-generational family businesses. He regularly advises on inheritance tax planning more generally, via wills, the creation, administration and cessation of trusts, and the establishment and administration of powers of attorney.
The Legal 500 2023
- Business succession planning
- Inheritance tax planning
- Powers of attorney
- Deeds of variation
- Worked with colleagues in the Corporate team and with the company accountants in the context of a complete restructuring of a family business which on the Private Client side involved the review or reorganisation of various family trusts to ensure ownership and structures continued to be fit for purpose, together with implementation of new wills and powers of attorney.
- Providing ongoing advice to the widow of a wealthy (£30M+) former multi plc managing director on lifetime and estate inheritance tax planning and structured family provision via her will and trusts, taking account of constantly changing circumstances, and working closely with her longstanding accountant in regular review meetings.
- Advised a wealthy majority shareholder of an energy sector business on wills, the creation of trusts, and inheritance tax planning, working with colleagues in the Corporate team on the timing and format of his exit strategy, on the safeguarding of shares ownership, and on both effective and realistic business continuity arrangements.
- Advised a well-positioned, prestigious Cambridge-property-owning company director on the continuation and evolution of inheritance tax planning strategies (including restructuring or property ownership and lifetime gifts), liaising with fellow professionals in the accountancy and wealth management sectors.
- Advised an eminent Cambridge professor on inheritance tax planning strategies including a double trust scheme; then acted for his executors in the administration of his estate and in negotiations with HMRC.
- Advised multiple clients on deeds of variation of wills/intestacies for inheritance tax saving and/or family wealth management purposes.
- Advised multiple clients on the value and asset management aspects of powers of attorney.
“Well regarded for his expertise in estate and succession planning for business owners and directors.” The Legal 500 2023
“Tim Addinell’s level of experience is unmatched. He is highly professional and well-liked by clients.” The Legal 500 2020
Tim qualified as a solicitor in 1986. Prior to joining Keystone Law in 2023, he worked more recently as a partner at the following firms:
- Howes Percival