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Gifts of Property, the Law Society Guidelines

Penny Letts, Secretary to the Law Societys Mental Health and Disability Sub Committee provides an examination of the Law Societys Guidelines on Gifts of Property

1 March 1996

Gifts of Property
The Law Society's Guidelines

Penny Letts, Secretary to the Law Society's Mental Health and Disability Sub-Committee provides an examination of the Law Society's Guidelines on Gifts of Property

Like other journals aimed at private client solicitors, accountants and financial advisers, as well as the money pages of the national press, Elderly Client Adviser has already carried a number of articles on the possibility of transferring or sheltering the assets of elderly clients, to avoid them being taken into account in paying for the costs of long-term care. The problem of paying for long-term care is not new, but the publicity surrounding it, and the growing awareness among people nearing retirement age that they are likely to have to pay their own care costs, have caused a huge increase in the demand for legal advice on this immensely complex issue.

In order to help solicitors meet this demand, the Law Society has issued guidelines...

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