Bank of mum and dad: gift, loan investments?

With an estimated £5 trillion set to be passed down over the next 30 years, the transfer of wealth between generations is more important than ever. This webinar will equip practitioners with the knowledge to navigate the legal landscape surrounding gifts, loans, and investments within families. Guidance will be offered on how to best advise clients on mitigating risks, structuring tax and estate planning effectively, and ensuring financial support is given securely.

Topics covered include:

• Gifts, loans, or investment?
• Gifts to family members
  • Presumption of advancement
  • Presumption of undue influence with lifetime gifts
  • Presumption against double portions
  • Sharing ownership of properties
  • Tax implications, including gifts with reservation of benefit
• Loans to family members
  • Soft or hard loan?
  • Lender’s requirements: purchase, mortgage, and waiver
  • Updating wills to reflect loan agreements and forgiveness of loans
  • Tax considerations
• Investments with family members
• Estate administration: gift or loan?
• Other considerations:
  • Protecting funds for family member in event of marriage/civil partnership, cohabitation, separation and divorce
  • Deprivation of assets and social care
  • Other options, such as family trust
  • Older and financial abuse
  • Adult children living with parents and/or providing care
• Practical tips for professionals and examples