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Property transfer warning

The warning comes amidst the growing number of phone calls from people offering to set up trusts to safeguard property. Anyone receiving such a call, however attractive the proposition may sound, is advised to take specialist legal advice before committing to anything.
James Sutherland, partner at Atherton Godfrey, said: “We fully understand people’s concerns, but transferring property should not be done in haste, it is a complex process and there are many consequences and legal issues that need to be considered fully.
“Of further concern is the hugely exaggerated fee being charged by some of the cold callers offering this service – often as much as £3,000.”
Anyone wanting advice about transferring property can contact James Sutherland, Vicky Sladdin or Rachel Weston in our Private Client Team on 01302 320621.

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