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Top 10 of 695 law firms for Transferring Property to Children, Inheritance Law
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This area covers how a property can be moved to a child during the lifetime of the owner, or as part of an estate plan after death, including gifts, trusts, and transfers of ownership. A solicitor in this field arranges and documents the transfer, checks the title, coordinates with the land registry, and explains tax implications such as capital gains tax, inheritance tax, and Welsh or UK duties where relevant. They assess risk, draft deeds of gift or trust, and advise on how the transfer affects mortgages and ongoing entitlements.
What a solicitor handles in these matters
The solicitor describes the steps of planning and executing a lifetime gift or a trust arrangement, including drafting the required deed of gift or trust deed, ensuring the title is updated at the Land Registry, and clarifying the tax consequences (IHT, CGT, and any reliefs). They verify the donor’s capacity and authority, handle any mortgage implications, and coordinate with executors or trustees to ensure the transfer is valid and enforceable, with attention to potential liabilities and future rights of beneficiaries.
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