01732 868190
More and more often, we are coming across the situation where the deceased gave or loaned money to someone during their lifetime. However, the executors are not sure whether the transaction was a gift or a loan. Often the person who received the gift or loan is a member of the family and this can cause great tension with other members of the family ~ often siblings.
If you have made a gift or a loan, please create a simple document recording the transaction and file it with (but not attached to) your Will. If it is a loan and repayments are made these can be recorded leaving a balance. The balance can then be accounted for as part of the Estate Administration process.
If you make a gift in your lifetime, for example, to one child you can restore fairness to your other children by making a balancing gift in your Will.
If you would like to discuss the above, need any assistance or would like to book an appointment please do not hesitate to contact us. Please telephone 01732 868190 or click here.
Casey & Associates has adapted its operations in the light of the current COVID – 19 situation.
We are currently offering video or telephone appointments where possible.
We are offering evening and weekend telephone appointments for NHS staff and key workers.