Recorded Webinar: Drafting Enforceable Financial Agreements between Family Members

Agreements between an older family member and his or her children for the loan of money or the transfer of property are commonly made informally and based on trust, exposing both parties to uncertainty of terms and leading to potential family disputes. This session will provide a step by step guide to drafting reliable and enforceable family agreements for the protection of all parties. It covers:

• Preliminary steps: checking capacity and obtaining independent legal advice
• Determining who exactly is your client
• Drafting recitals to prove intention and expectation
• Covering the bases: recording rights and responsibilities in detail
• Drafting to cover what to do when it all goes wrong: changes in circumstances, family disputes, health issues and death
• Protecting against children’s partners and potential relationship breakdowns
• Avoiding adverse impacts on tax and social security
• Exit strategies – voluntary and involuntary
• Dispute resolution mechanisms
• Recent case studies