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Lifetime transfers cover gifts and other transfers of assets made during a person’s life, rather than at death, and how those moves affect future inheritance and tax.
Gifting assets in lifetime can change ownership and expose the donor to tax consequences, the possibility of clawback on death, and implications for long-term care and benefits. A solicitor advises on timing, potential loss of control, and how to document gifts to protect or clarify rights for beneficiaries, executors and trustees, including interactions with trusts and disponer rules.
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