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Hello,
My wife and I both own 11% of a property, and she'd like to gift me her share so I would then own 22% in total.
I'm a legal owner, and trustee, while my wife is only a beneficial owner.
There are currently 5 beneficial owners in total with 3 legal owners who are the trustees.
As the gift would be "Behind the curtain" as far as the LR are concerned, I'm assuming that a simply Deed of Gift would be used by my wife.
Would any of our Beagles recommend a source of a appropriate template. I have seen many online but many appear to be based on not UK law, or are trying to transfer the entire property by way of a gift.
As indicated we're only looking to transfer one beneficial owner's share to another beneficial owner.
Many thanks for your support,
D.
My wife and I both own 11% of a property, and she'd like to gift me her share so I would then own 22% in total.
I'm a legal owner, and trustee, while my wife is only a beneficial owner.
There are currently 5 beneficial owners in total with 3 legal owners who are the trustees.
As the gift would be "Behind the curtain" as far as the LR are concerned, I'm assuming that a simply Deed of Gift would be used by my wife.
Would any of our Beagles recommend a source of a appropriate template. I have seen many online but many appear to be based on not UK law, or are trying to transfer the entire property by way of a gift.
As indicated we're only looking to transfer one beneficial owner's share to another beneficial owner.
Many thanks for your support,
D.
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