22194 1920 BabyAre you thinking of gifting assets? Perhaps you are thinking about gifting part or whole of a property to your children, for example. This is an area that is fraught with complications and risks. There are many things you need to be aware of before you proceed with any transaction.

These include tax implications for both you and the donee, being aware of other ways to achieve a similar outcome, the impact on your personal position and the way in which a local authority will view your gift, if you are making it with care home costs in mind. You should seek professional advice before taking any steps. Fitzhugh Gates have specialists available to provide all the legal advice you could need.

Please do contact our team to speak with one of our professionals.

Important guidance on articles published by Fitzhugh Gates Solicitors

Articles published through this website contain only general advice and are not intended as professional counsel and should not be used as such.

If you require specific advice on a particular issue or problem highlighted by this article, then please contact Fitzhugh Gates, the Solicitors for Brighton and Hove and Shoreham-by-Sea. 

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