Gifts of Second Properties
January 30th, 2008Mr MacDonald is a widower and has one son who is the managing partner in a local firm of Accountants. The son is separated from his wife, has two minor children and like all managing partners likes a drink.
For these reasons Mr MacDonald is understandably reluctant to make over to his son any interest in the land. He would however like to make some provision for his grandchildren. His son is the sole beneficiary under his Will.
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