Christine Thornley

Christine Thornley, Head of the Tax, Trusts and Estate team at a Manchester law firm, delves into the growing financial support parents provide to their adult children amid the cost-of-living crisis. She discusses alarming statistics revealing that 60% of parents are struggling to make ends meet without this assistance. The conversation covers the complexities of wealth transfers, the necessity of formalizing financial gifts, and the critical need for expert advice to navigate potential legal pitfalls and safeguard family relationships.