PAST EVENT: This course took place on Thursday 22nd February 2024

 

Presenter: John Bunker, Irwin Mitchell & James Lister, Stevens & Bolton

 

Location: Stevens & Bolton LLP, Wey House, Farnham Road, Guildford, Surrey, GU1 4YD

To purchase notes and slides from this session, please email Elouise.Enright@surreylawsociety.org.uk.

 

Embarking on the journey of property ownership is often viewed as a significant milestone, yet the intricacies of joint ownership and beneficial interests in real estate can be both complex and nuanced. Join us for an insightful course, “The Bank of Mum and Dad, Joint Ownership, and Beneficial Interests in Property,” where distinguished speakers John Bunker from Irwin Mitchell and James Lister from Stevens & Bolton will unravel the complexities surrounding this crucial aspect of law. Delving into key tax considerations, financing options, and the potential pitfalls that may arise, this course is designed to equip legal professionals with the knowledge needed to navigate the challenges of advising on the Bank of Mum and Dad. The course will cover:

• Key tax issues around beneficial interests in property;
• good options for loans, gifts and securing beneficial interests, getting started on the housing ladder and arrangements for sharing property in later life;
• Where it can all go wrong, advising the Bank of Mum and Dad or the child (& the complications of partners/spouses) and potential conflicts;
• Joint ownership issues including severance (real property and non-real property assets);
• TOLATA and its complications;
• Why “intention” is the enemy of all such arrangements;
• Shared property and divorce/financial separation.

 

What people have said about previous presentations:

• John Bunker is very informative, covers current topics and kept participants engaged
• The unparalleled experience and good presentation skills of John Bunker, the good examples in the material.
• James was extremely informative and entertaining
• James was excellent, and very clear notes

 

About John Bunker & James Lister

 

John Bunker is a freelance lecturer and a consultant Solicitor and Chartered Tax Adviser with Irwin Mitchell; co-editor of the Law Society’s IHT Planning handbook (Dec 2020) of which he wrote one third (alongside 14 colleagues in IM), John is known to many through his lecturing on estates, tax and trusts in person and online.

He is one of the professional representatives advising HMRC on the guidance in their TRS Manual, as part of the TRS sub-group of the Capital Taxes Liaison Group and was, until Sept 2021, Chair of the CIOT Private Client (UK) Committee; he also represented STEP on the Probate Users Group with HMCTS until November 2021.

 

 

 

 

James Lister specialises in private wealth disputes, dealing with trust, estate and succession matters within the UK and internationally. James also deals with disputes where trusts and private wealth issues are involved in wider commercial disputes, such as fraud and asset recovery.

James joined Stevens & Bolton in 2017, having trained and qualified at a Top 50 firm. He became a partner in 2019.

James acts predominately for private clients or for those who advise private clients, such as corporate trustees, private banks and other law firms.

James advises on claims by or involving estates and trusts, most commonly involving high-net-worth and ultra-high-net-worth individuals. He acts for executors, trustees and beneficiaries, and also specialises in advising on claims under the Inheritance (Provision for Family and Dependants) Act 1975.

James also has a substantial practice advising on claims overlapping the trusts and family court jurisdictions, dealing with trustees and beneficiaries who have become involved in divorce proceedings and on issues arising from the enforcement and implementation of ancillary relief orders made in divorce proceedings.