Boodle Hatfield LLP

The Lessons in Legacy Podcast is a new series that follows on from Boodle Hatfield’s ‘Lessons in Legacy’ research - an initiative that explores what legacy means to families and individuals in the 21st century. The series provides a platform for a dialogue with a number of leading academics, professional advisers and business leaders about the evolution in the approaches, attitudes and adjustments successful individuals and families are taking to plan for wealth transfer. Across the coming months, we will break down some of the themes that are now front of mind for those responsible for family wealth. We will take into account the priorities of the succeeding generation and look at how, in turn, we as advisers can support and steward a legacy’s sustainability and reflect a families’ longer term purpose, values and sense of cohesion.

Landed estates form a significant part of rural England and hold valuable property assets in many of our leading cities. Some have been passed down through generations, while others have been acquired more recently, each carrying its own legacy and challenges. We have been advising the owners of rural and urban estates throughout our long history and are attuned to the multiple challenges owners face in running their estate effectively, from economic instability, the impact of changing regulations to the effects of climate change. Our Modern Landed Estate series explores the challenges, opportunities, and key considerations for estates. We look at how the decisions made today can shape the estate’s future for generations and explore the options for land diversification – whether that’s selling for development, taking on the development process yourself, or something in between. We will speak to experts from across the spectrum of private client, taxation, real estate and construction and hope to deliver some real-life insights from those who have embarked on similar projects and have navigated similar pastures.