Law Wills / Probate / Trusts Law

Making Gifts of Assets: The Legal Considerations

By Michael Culver
Law Society Publishing May 2024

Specifications

ISBN-13
9781784462055
Publisher
Law Society Publishing
Publication
May 2024
Format
Paperback , 288 pages
Jurisdiction
U.K. ? Countri(es) for reference only

Details

Making Gifts of Assets is an essential yet user-friendly guide for private client, company, commercial and conveyancing solicitors that pulls together all the key considerations when advising on making gifts into one concise volume.

Areas covered include risk, tax implications, capacity issues, undue influence, deliberate deprivation and how to avoid negligence claims relating to such work.

Key features and benefits

  • Practical examples illustrating tax and estate planning with gifts
  • References to relevant recent case law
  • Useful appendix material such as the relevant Law Society practice notes and guidance from the Office of the Public Guardian.

Table of Contents

1. Introduction
2. Capacity to make gifts
3. Challenges to gifts
4. Gifts by deputies and attorneys
5. Inheritance tax and gifts
6. Gifts with reservation of benefit and pre-owned asset charges
7. Capital gains tax and gifts
8. Other tax concerns with gifts
9. Gifts to avoid care fees
10. Bankruptcy and gifts
11. Gifts to trusts
Appendices

About the Author

Michael Culver, founder and managing director of Culver Law Ltd, has been on the Court of Protection’s panel of professional deputies for over six years. As well as being a full accredited member of Solicitors for the Elderly, he is a full member of the Society of Trust and Estate Practitioners (STEP) and the Association of Contentious Trust and Probate Specialists. Michael is also a Chartered Tax Adviser and a member of the Association of Taxation Technicians.

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