However the last 20 years has seen a perfect financial storm brewing for the next generation. The cost of further education, entertainment, transport and, in particular, accommodation and property has increased to a whole new level, creating ‘Generation Rent’ and squeezing their finances and those of their parents.
If you have become the next generation of the Bank of Mum and Dad then it is likely at some point you are or will be considering ways to help your children get on or climb the property ladder. As we know, there are many areas of the country where this is a very expensive commitment. It is vital therefore that legal advice is sought before any action is undertaken. Furthermore it is important to ensure that any assistance you give does not expose you or your family to any unnecessary risks or issues.
Our specialist team is dedicated to answering any practical, legal and taxation questions (and those your children may have) as you help to get the next generation of the family progress in life.
As a multi-disciplined legal practice, Wellers is able to bring together legal expertise on property law, family law and private client services such as Wills and trusts and also company law where business finances may be involved. We combine these areas of knowledge to provide the answers and assistance you are seeking.
Please contact us if you need to know more. You can fill out our enquiry form and we will get back to you.
If you can’t find the information you are seeking or just want a fuller explanation please call us. We have a number of offices in and around London that may be convenient for you to contact but we will be able to help wherever you are based.