Gifts of houses, or an interest in a house, in wills

Aim

To help practitioners consider a range of issues connected with a client making a gift of their home or an interest in their home in a will, which will often be their most valuable asset.

Outcome

Participants will be able to make a valid gift of a property or an interest in it as intended by the client.

Agenda    

• Does the testator have the power to make the gift?
• Mortgages
• Risk of ademption
• Severing a joint tenancy
• Gift of a share
  • On trust?
  • Rights of occupation
  • Rights of residence
• Inheritance Tax