Giving to grandchildren through a bare trust
Many people wish to give substantial amounts to grandchildren and a bare trust might provide the perfect solution to many of the tax, control and protection issues holding them back.
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5 signs you need a wealth manager
You don’t necessarily have to be “wealthy” to need a wealth manager explains Lee Goggin, co-founder of findaWEALTHMANAGER.com. It’s of course to be expected that what constitutes “wealthy” changes over time. People used to aspire to being a millionaire, but research shows you need at least £10mn to be considered wealthy today. With house prices […]
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Slicing the family pie –
Dividing assets upon divorce
A new divorce case with hundreds of millions of pounds at stake has highlighted issues around quantifying and dividing assets upon divorce, explains Mei-Ling McNab, partner in the family law team at Brachers. Recent reports that a property investor involved in what is rumoured to be one of Britain’s highest-value divorces after splitting from his […]
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Making lending to family members safer
Inter-family loans are increasingly common, but a recent legal case has highlighted the need for formal repayment agreements, explains Judith Fitton, Partner at law firm Mundays. Would you lend nearly £300,000 to help someone renovate their home? Would you bother to put the agreement in writing? What if that someone was your son, would that […]
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