Latin and Death Bed Gifts are alive and well!

It is not uncommon for a terminally ill person (the Donor) to gift assets to a loved one in contemplation of their anticipated demise. Such “Death Bed” gifting, whilst not exactly a “lifetime gift”, is neither a “testamentary gift” (reserved for Wills). How does the LAW view such situations and can an aggrieved beneficiary under a Will challenge the gift if the effect is to have severely reduced the value of any remaining property passing under a Will?

Losing My Subsidiaries

As a result of a holding company’s pledge (to a bank) of shares in its subsidiary and the registration of the shares in the name of the bank’s nominee by way of security (the security being governed by Scottish law), the subsidiary ceased to be a subsidiary of the holding company within the meaning of sections 736 and 736A of the Companies Act 1985