In dealing with one’s affairs, an individual will normally use a combination of a Will and Lifetime Family Arrangements. The whole area of Family Arrangements is vast. It can cover anything from the settling of a farm or business on a child to the transfer of assets into Joint Names or the provision of a site for house construction by a family member.
Any such transaction needs to be approached cautiously and your Solicitor is best placed to assist. A proposed voluntary transfer often throws up many practical issues that have not always been considered by the parties involved. The experience of your Solicitor will help you to tease out these issues and to come to a satisfactory outcome.
With the different types of family unit that now exist in this country, particularly those outside of the marriage relationship, it is now often essential to formalise co-habiting arrangements with proper legal documentation.