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Assign Benefit of a Loan?

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  • #1

    Assign Benefit of a Loan?

    I have loaned a large sum to a limited company which I 100% control. I plan to transfer (gift) the shares in the company to my son and wish to also assign (gift) the benefit of the loan. Do I need a legal document to do this and, if so, is there a template I can use?
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  • #2
    A simple document would be advisable. I am sure templates exist, albeit that I can not point you to one.
    Lawyer (solicitor) - retired from practice, now supervising solicitor in a university law clinic. I do not advise by private message.

    Litigants in Person should download and read the Judiciary's handbook for litigants in person: https://www.judiciary.uk/wp-content/..._in_Person.pdf

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