Camilla Wallace

Spear's Review

‘I translate complex areas of the law into plain English and assist my clients with navigating their way through life-changing events – certainly in tax terms – such as death, divorce, relocation and succession to or sale of wealth/family businesses,’ says Wedlake Bell’s head of private client group, Camilla Wallace.

Wallace advises HNWs on estate planning to mitigate inheritance tax and control the devolution of estates using lifetime gifts, trusts and tax-efficient wills. She also advises on capital gains tax and income tax mitigation strategies as regards lifetime tax planning. She has extensive experience of both offshore and onshore trust structuring, and advising trustees and beneficiaries in relation to the day-to-day management and administration of trusts and estates.

Adviser profile

Millie's expertise ranges widely from onshore to offshore, from landed to entrepreneurial, from tax to trusts, from start up to succession. She covers the expected gamut of law advising high-net-worth individuals, trustees and families all over the world, on complex trust law, estate planning and tax-efficient strategies.

Millie is a trustee herself which can help smooth succession as she often provides an inter-generational link and continuity of service.

An example of advice given during lockdown includes Millie having to travel to France at short notice to visit an internationally renowned elderly client who was shielding from Covid following the untimely and unexpected death of his family office head. She put in place emergency replacement English Wills, Lasting Powers of Attorney (LPAs), Advance Directives as well as other documentation relating to his business, charitable and personal affairs.

Millie leads the Wedlake Bell Private Client Group encompassing the private client, residential property and family teams. She became a partner at a mere six years PQE whilst heavily pregnant and is a stellar role model for young female solicitors. In 2017 she was invited to join the Senior Equity and in 2018 was promoted to the Board.

Millie continues to balance her senior role at the firm, the varied and complex needs of her clients with having a young family.