Amy Berry and Millie Rai co-author article for STEP journal
In their article, “Gifts, Loans, Debts, and Death,” published in STEP journal, Amy Berry and Millie Rai explore the distinctions between loans and gifts in estate administration under English law. They discuss the importance of handling outstanding loans and the best practice for establishing gifts, highlighting the challenges for practitioners in the current economic climate. Through a hypothetical case study, they illustrate the impact of ambiguous transactions and stress the need for clear documentation to ensure fair estate distribution.
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Amy Berry and Millie Rai, ‘Gifts, loans, debts and death’, STEP Journal (Vol32 Iss2), p.71
