Phil is a partner and is team leader of our Wealth Protection team in Cornwall and the Rural Services team.
Phil qualified as a solicitor in 1995 in Cornwall with Graham & Graham before joining Stephens Scown in 2007. He completed the Society of Trust and Estates Diploma in 2004.
With over 25 years’ experience in private client work, Phil specialises in wealth protection for the retired and succession planning for farmers, landowners and business owners.
Phil has been working in this area since he qualified and has helped thousands of families and individuals plan for the future and ultimately to pass on their assets whilst minimising inheritance tax.
Examples of recent work include:
- Creation and management of discretionary and life interest trusts
- Inheritance tax audits for individuals, partnerships and business owners
- Complex estate administrations involving inheritance tax reliefs and exemptions
- Acting as a Trustee, an Attorney and a Deputy for clients lacking mental capacity.
Phil also sits on the Cornwall committee of the CLA and is the Under Sheriff of Cornwall.
Phil’s personal testimonials:
Legal 500 (2021) – Practice head Phil Reed handles wealth protection and succession planning matters for farmers and other large landowners. A source said: “Phil Reed has particular expertise in rural matters, estate planning and Inheritance tax work.”
Chambers High Net Worth (2021) – “has a high level of expertise in rural estate planning and Inheritance Tax work,” reports a source. He assists farmers and landowners with succession planning matters. Another interviewee states: “He has a high degree of technical knowledge and always takes time to understand his clients’ circumstances, meaning advice offered is comprehensive and clearly expressed.”
Chambers High Net Worth (2020) – Phil is ranked Band 1 for leading individuals dealing with private wealth disputes and private wealth law. An adviser says he is “known to be very thorough.”
Chambers High Net Worth (2019) – “approachable, consistent and highly professional.”
Chambers and Partners (2018) – “Phil is a nice guy, he is well connected and well known in Cornwall circles,” observes an interviewee.