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asset protection on death - various issues can arise such as : no will = intestacy rules apply in valid will = intestacy rules Family provision = someone left out of a will getting awarded something out off the estate estoppel claims = someone you have promised to leave property to making...

Kids would receive gifft without direct tax consequences now and went sold the cost base would be market value at date they became owners. So probably little tax for the kids. Indirect tax consequences include deducting interest - if it was a gift any loans they get to pay mum out etc would...