Elizabeth Gibson
AssociateElizabeth is an Associate and Notary Public in our Private Client team.
Elizabeth deals with a wide variety of Private Client matters, to include the administration of executries and trusts, and the drafting of Wills and Powers of Attorney. Elizabeth also regularly advises on succession planning, Inheritance Tax and trusts used for asset protection.
She trained with MFMac, qualifying in September 2019 and studied at Edinburgh University for the Scots Law LLB, and the University of Glasgow for the Diploma in Professional Legal Practice. Elizabeth is also a full member of the Society of Trust and Estate Practitioners (STEP) having completed her STEP diploma with distinction in 2024.
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Should I Gift my Home to my Children? The Consequences of Generosity
We are often approached by clients who have received advice that they should consider gifting their house to their children as a means of avoiding this being sold to meet ongoing care costs in the future, or to minimise their Inheritance Tax liability on their death. However, the reality of a gift of the family home is not straightforward and there are many points to be considered.
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Protecting your digital financial assets: which factors should you consider?
No matter what form an asset takes, it should (in almost all cases) be considered part of your estate and therefore serious thought should be given as to how it will be dealt with after your death. Digital assets are no different.
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Protecting your Digital Assets and Planning for the Future
Recent statistics suggest that as few as 1/3 of people have made a Will detailing what will happen to their properties, money and other tangible assets on their death and have put measures into place to ensure that their estates are dealt with in accordance with their wishes. However, in an increasingly digital age, a huge amount of our lives and some of our most important possessions now reside in a completely digitised format and it is apparent that even fewer people have considered how these might be dealt with on their death.