Your home is often your most important and your most valuable asset. There are many reasons why you may be considering gifting the family home, however equally, there are just as many reasons to be cautious. In this short guide our Trusts & Estates solicitors have used their collective years of experience to outline some of the issues to consider when thinking about making such a gift.
In this guide find out:
- Common reasons for making a gift of the family home.
- Things to consider before making a gift of the family home
- Other options available to you
- Information on 'Family Trusts'
Why choose Linder Myers?
At Linder Myers we have a dedicated team of lawyers specialising in issues concerning making a gift of the family home and the drafting trusts. When gifting your home or creating a family trust care needs to be taken and your overall circumstances should be considered. It is vital therefore that specialist advice is obtained to ensure you receive the correct legal advice and the correct action is taken.
On appointment we will undertake an initial consultation with you and then, if you request, prepare written advice setting out all the issues, and highlighting the risks and benefits. You will then be in a position to make an informed decision as to whether you wish to proceed and, if so, on what basis.
We will also set out the cost of any future work, as this depends upon the planned course of action. We can advise you to how to make a gift but also protect your right of occupation of your property, which may otherwise be at risk because of events outside of your control.