Gifts Between Family Members

We are familiar with the legal aspects of documenting gifts between family members. Making a gift, usually, not only brings much happiness to both the giver and the receiver, it can also assist with ongoing management of private wealth and succession.

 

Gifts are often made to adult children, but equally, establishing trusts for minor beneficiaries is also common. Whether it’s real estate, money, jewellery, or other valuable items, our solicitors can assist to protect your interests and facilitate the smooth transfer of assets. Proper documentation is crucial to avoid potential disputes and ensure that gifts are legally recognised. Our services include preparing deeds of gift, managing the transfer of property titles, and ensuring compliance with all relevant laws and regulations.

 

In addition to legal documentation, we work with specialist tax advisers where necessary as gifts between family members can have tax implications, particularly concerning potential inheritance tax. Our team works closely with tax advisors and accountants to offer strategic advice, helping clients understand and minimise any tax liabilities.

 

For more information please call our team on 020 7636 2100.