Head of Family, Children and Divorce
Trainee Chartered Legal Executive
Having worked hard to accumulate wealth, it is natural to want to preserve it. We often advise on how to protect family businesses, land and other assets against some of the problems that can arise in life.
In many cases, this can involve:
These solutions can form part of a comprehensive succession planning exercise or can be dealt with in isolation.
Many of our cases involve trust interests or wider issues of inheritance and estate planning. We provide an holistic service by drawing on the expertise of colleagues in our Trusts, Wills and Estates team, to provide advice about trusts, wills and estate planning, in conjunction with family law advice.
For further information about these and other forms of asset protection please see sections below.
Bank of Mum and Dad
It is not uncommon for individuals to receive financial assistance from a parent or other family member to buy a property. In some cases the sums can be considerable. The family can understandably be concerned to ensure that their investment is protected and would not be subjected to a claim by a partner or a spouse in the future.
We often advise on the form that financial assistance should take (for example, is it a gift or a loan?), how the funds should be protected, what documentation is required and whether there are any wider tax or estate planning implications.
If you are contemplating providing or receiving financial assistance from a family member then please contact Raworths family law team to discuss your situation.
Please also see other relevant pages: