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Camilla Bishop#8738

Camilla Bishop

Partner, Keystone Law
Camilla is an experienced lawyer who specialises in all aspects of estate planning with a particular focus on Inheritance Tax. As an expert in will drafting and the use of trusts along with trust administration, she provides practical tax-efficient solutions and deals with everything from everyday family needs to the very complex.
 
Camilla is experienced in estate administration and probate, advising on reliefs and exemptions (including Business Relief and Agricultural Relief) and post-death planning using deeds of variation.

Camilla’s expertise also extends to assisting elderly and vulnerable clients with lasting powers of attorney, deputyship applications and other Court of Protection matters.

Camilla is a full member of the Society of Trust & Estate Practitioners (STEP) and is on the committee of STEP Sussex. She regularly writes topical articles and gives webinars/seminars on estate planning to a wide audience of financial advisers and accountants and is well recognised for complementing the services they offer with a joined-up approach for mutual clients.
Contributed to

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A beneficiary of an estate is buying out the other beneficiaries’ entitlement so that they can keep an investment portfolio in the estate. Should the executors use the value as at the date of death to calculate what the beneficiary needs to pay to the others or should they re-value the estate as at the date of the transfer/buy-out?
A beneficiary of an estate is buying out the other beneficiaries’ entitlement so that they can keep an investment portfolio in the estate. Should the executors use the value as at the date of death to calculate what the beneficiary needs to pay to the others or should they re-value the estate as at the date of the transfer/buy-out?
Q&As
A dies and leaves their estate to his children. A is the sole beneficiary of B's estate which is yet to be distributed. A’s estate is subject to inheritance tax and their executors would like to enter into a deed of variation for B’s estate so that the inheritance due to A does not fall into their estate but instead passes from B’s estate direct to A’s children. Can A’s executors enter into this deed of variation or would they need court approval on behalf of the minor’s as they are the ultimate beneficiaries of A’s estate?
A dies and leaves their estate to his children. A is the sole beneficiary of B's estate which is yet to be distributed. A’s estate is subject to inheritance tax and their executors would like to enter into a deed of variation for B’s estate so that the inheritance due to A does not fall into their estate but instead passes from B’s estate direct to A’s children. Can A’s executors enter into this deed of variation or would they need court approval on behalf of the minor’s as they are the ultimate beneficiaries of A’s estate?
Q&As
A settlor dies within seven years of a chargeable lifetime transfer (relating to a lifetime creation of a discretionary trust) and additional tax becomes payable as a result of their death. The settlor’s Will directs that any such additional inheritance tax (IHT) should be paid from their estate (and not from the trust). How is this treated for IHT purposes?
A settlor dies within seven years of a chargeable lifetime transfer (relating to a lifetime creation of a discretionary trust) and additional tax becomes payable as a result of their death. The settlor’s Will directs that any such additional inheritance tax (IHT) should be paid from their estate (and not from the trust). How is this treated for IHT purposes?
Q&As
A trust of land holds land for a number of life tenants, with separate remainder trusts for each life interest trust, and the last surviving life tenant has died No disposal has arisen to date due to Crowe v Appleby. Would the capital gains tax (CGT) uplift on death apply to the entire value of the land (as that is what the trustees are deemed to dispose of at that point for CGT purposes) or only to the proportion in which the last life tenant to die had an interest in possession?
A trust of land holds land for a number of life tenants, with separate remainder trusts for each life interest trust, and the last surviving life tenant has died No disposal has arisen to date due to Crowe v Appleby. Would the capital gains tax (CGT) uplift on death apply to the entire value of the land (as that is what the trustees are deemed to dispose of at that point for CGT purposes) or only to the proportion in which the last life tenant to die had an interest in possession?
Q&As
A trust was set up as an accumulation and maintenance trust but now consists of three parts: an age 18-25 trust, a qualifying interest in possession (QIIP) and relevant property. When calculating an exit charge for inheritance tax purposes on the age 18-25 part of the trust, would the calculation include the initial value of only the funds now on 18-25 terms or does calculation include the initial value of the entire settlement (ie including the funds which are now a QIIP or relevant property)?
A trust was set up as an accumulation and maintenance trust but now consists of three parts: an age 18-25 trust, a qualifying interest in possession (QIIP) and relevant property. When calculating an exit charge for inheritance tax purposes on the age 18-25 part of the trust, would the calculation include the initial value of only the funds now on 18-25 terms or does calculation include the initial value of the entire settlement (ie including the funds which are now a QIIP or relevant property)?
Q&As
Do the registered legal owners A and B need to register a trust for the co-ownership of a property via the Trust Registration Service in the following scenarios: 1. A, 50% held absolutely, while, B, 50% held on a trust which was created on death—either a discretionary trust or a post death life interest; 2. A, 50% held by a settlor absolutely, and B, 50% held on a trust created by A in their lifetime; 3. A gifted part of the property via declaration of trust to hold on bare trust for another who is not on the legal title. In each case, it is assumed the trustees (of the trusts created on death or during A's lifetime) have separately registered those trusts on the TRS
Do the registered legal owners A and B need to register a trust for the co-ownership of a property via the Trust Registration Service in the following scenarios: 1. A, 50% held absolutely, while, B, 50% held on a trust which was created on death—either a discretionary trust or a post death life interest; 2. A, 50% held by a settlor absolutely, and B, 50% held on a trust created by A in their lifetime; 3. A gifted part of the property via declaration of trust to hold on bare trust for another who is not on the legal title. In each case, it is assumed the trustees (of the trusts created on death or during A's lifetime) have separately registered those trusts on the TRS
Q&As
What are the stamp duty land tax implications of an individual entering into a deed of variation so that a testamentary gift of a property is redirected to a limited company owned by the individual?
What are the stamp duty land tax implications of an individual entering into a deed of variation so that a testamentary gift of a property is redirected to a limited company owned by the individual?
Q&As
Where A dies intestate leaving a surviving spouse B, an adult child C and minor child D, and B and C take the Grant of Letters of Administration, what happens if B dies (more than 28 days after A’s death) before concluding the administration of the estate? Who is entitled to take a new Grant alongside C to conclude the administration of A’s estate? Is it the personal representatives of B or the person with parental responsibility for D?
Where A dies intestate leaving a surviving spouse B, an adult child C and minor child D, and B and C take the Grant of Letters of Administration, what happens if B dies (more than 28 days after A’s death) before concluding the administration of the estate? Who is entitled to take a new Grant alongside C to conclude the administration of A’s estate? Is it the personal representatives of B or the person with parental responsibility for D?
Q&As
Where a proposed deputy for a person lacking capacity is also the second co-owner of land a second trustee needs to be appointed to enable the property to be sold. COPGN2 states that where there is a continuing trustee, an application needs to be made to the court under section 36(9) of the Trustee Act 1925 for the court’s permission for the continuing trustee to appoint a new trustee in place of the incapable person. Can the application made by the continuing trustee (who is the proposed deputy), be included within the deputyship application or is a separate application required?
Where a proposed deputy for a person lacking capacity is also the second co-owner of land a second trustee needs to be appointed to enable the property to be sold. COPGN2 states that where there is a continuing trustee, an application needs to be made to the court under section 36(9) of the Trustee Act 1925 for the court’s permission for the continuing trustee to appoint a new trustee in place of the incapable person. Can the application made by the continuing trustee (who is the proposed deputy), be included within the deputyship application or is a separate application required?
Q&As

Practice Area

Panel

  • Q&A Panel

Qualified Year

  • 2010

Experience

  • Keystone Law (2021 - Present)
  • DMH Stallard (2017 - 2021)
  • Irwin Mitchell (2007 - 2017)

Membership

  • Society of Trust & Estate Practitioners (STEP)

Qualifications

  • Bachelor of Laws (LLB) (2004)
  • LPC (2007)

Education

  • Guildford College of Law (2007)
  • The Open University (2004)
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