David Endicott

Director, Head of Private Client
Office:
  • Banbury
Phone:
01295 204005
LinkedIn:
LinkedIn
Specialisms:
  • Wills & Probate
  • Personal Tax Advice
  • Dispute Wills and Trusts
David Endicott is a Founding Partner and Spratt Endicott and is Head of the firm’s Private Client departments. He deals with complex and high value matters for a range of high profile and high net worth clients, and has particular expertise in wills, trusts, charities, personal tax and tax planning, probate and personal matters Leading Individual 2019

Recommended 2019

                 

David started his career as a probate clerk in 1966, in 1975 he became a Fellow of the Institute of Legal Executives, and he qualified as a Solicitor in 1981. David worked in the West End and the City of London until 1993, when he moved his practice to Banbury. He was a founding partner of Spratt Endicott in 2002. He has worked in private client work since he qualified and has helped thousands of clients in that time.

David is has been recognised as a Leading Individual in the Legal 500 since 2012, and is a member of the Society of Trust and Estate Practitioners. He is also editor of three editions of Brighouse’s Precedents of Wills.

David gives clear and simple answers, with a lack of legal jargon when responding to technical questions in order to provide the highest possible level of service to his clients.

Work highlights:

  • David deals with high value and complex matters
  • His expertise includes Wills, trusts, charities, personal tax and tax planning, probate and personal matters
  • David’s clients are by their very nature confidential.  However, he acts for a broad range of clients both old and new money, directors and former directors of some of the country’s leading companies, farmers and landed gentry
  • David is a recommended lawyer in The Legal 500 UK 2018-19 and has been recognised as a Leading Individual by The Legal 500 UK in 2012, 2013, 2014, 2015, 2016 and 2017.

Professional memberships, publications and interests:

  • David is a member of the Society of Trust and Estate Practitioners
  • He is the editor of three editions of Brighouse Will Precedents, numbers 12, 13 and 14
  • A director of two companies, David also previously served as a Parish Councillor and a School Governor.
STEP Will Writing Code DE April 14 Small for web

 

Case Studies

  • Saving Inheritance Tax
    David was instructed to prepare a Will for an extremely wealthy gentleman, a member of a family with a household name.  The testator wanted to leave his multi-million pound estate to various family members, and in the initial instructions set aside a percentage on discretionary trusts, which included a family charity of which the testator was particularly keen to benefit.



    A week or so later David went to visit the client and suggested that rather than include the charity within a discretionary trust, that there should be a direct gift to the charity.  The testator readily agreed upon learning that this would save a minimum of £800,000 in inheritance tax.
     
  • Inheritance and Capital Gains Tax
    David was instructed by a long standing friend/client/accountant, who was terminally ill with cancer.  The client and his wife held an investment property in Oxfordshire which they had acquired many years ago.  The property was heavily pregnant with capital gains  David advised his client that on this death, the gains on his share of the property would be written off for tax purposes.  It was understood that, on the death of his client, the widow would want to sell the house.  Capital gains would be an issue on her share. 

    David’s advice to his client was that his widow should transfer to him her share of the property.  As between husband and wife there was no gains, and so the client would take his wife’s share of the investment property at her base cost.  There was no question of inheritance tax because of surviving spouse exemption.

    On the death of David’s client, the investment property passed to the widow free of capital gains tax and inheritance tax, and was subsequently sold.
     
  • Family Trust
    David acts for an elderly gentleman who was the only shareholder of a trading company which was to be sold for £50 million.  David’s advice to the client was to settle one half of the shares in the company, subject to business property relief, into a family trust.  The timing was delicate, because for inheritance tax purposes it was not possible to transfer the shares once the binding contract had been agreed.  On the other hand, if the company were not then to be sold, and a number of buyers were lined up, then David’s client did not want to put half of the company into trust.

    Some delicate negotiations followed as a consequence of which half of the company shares were transferred to a family trust, of which David continues as a Trustee, and business property relief of 100% was obtained.

    Happily the client has so far survived for more than 5 years, and so any liability to inheritance tax is rapidly decreasing.  As a consequence the family enjoy the benefits of a very significant trust indeed and, with a fair wind, inheritance tax will not be an issue.
     

 

Testimonials

  • I have used Spratt Endicott on three occasions now. One regarding the purchase of my flat, and the others regarding Lasting Power of Attorney for my Husband and myself. On all occasions Spratt Endicott have been kind, empathetic and very professional. I fully recommend their services to any one who needs reassurance and integrity regarding any legal matter.

    Ms Sprackling
  • "Very efficient, appropriate and informed service for our family. We have now used the firm in three different areas and would recommend all of them."

    Mr & Mrs B
    Buckingham

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