The Bank of Mum and Dad (BOMAD) has emerged as the UK's 9th largest lender, playing a pivotal role in enabling thousands of young adults to secure their first homes. With rising property costs and the challenges of saving for a deposit, many young people are increasingly turning to family members for financial support. Whether the 'lender' or 'provider of finance' is a parent, grandparent, or even an aunt or uncle, several key factors must be considered.
Join us for an insightful event where three experts from Irwin Mitchell will explore the various legal aspects of BOMAD:
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- Stephanie Kerr will discuss the presumption against double portions, how post-death disputes can arise following lifetime gifts to children, and the steps that can be taken to mitigate risks
- Phillip Rhodes will address the approach of the Family Court to monies advanced by parents in a divorce context, and the use of pre- and post-nuptial agreements as a wealth-protection option
- Christine Thornley will provide an in-depth analysis of the legal and tax implications of making gifts versus loans, offering guidance on navigating these complex financial decisions.
We’re also delighted to welcome Helen Dimmick as a speaker. With more than 20 years’ experience in the industry, Helen will be sharing her insights into the Lifecyle of one of the world’s most famous Diamonds – a treasured gemstone that has been adorning the crown jewels for over a Century.
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The Cullinan will be the highlight of the evening as Helen’s talk, aptly named ‘From Rough to Royal,’ takes you on its fascinating journey through time. Be dazzled by her stories of the world’s largest diamond ever found. Helen, a diamond grader and jewellery historian, will be sharing her extensive knowledge and passion for this extraordinary gem.
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Please RSVP early as places are limited.
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We look forward to seeing you there. Â
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 Helen Dimmick is an award-winning gemmologist, diamond grader and jewellery specialist with over 25 years’ industry experience. Helen’s career to date has included work for Green+Benz, Tiffany & Co and a treasure trove of auction houses. A renowned public speaker at a myriad of events, ITV’s jewellery specialist and expert commentator in regional and national media, Helen is a leading figure in the industry whose passion for jewellery is infectious.
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Now, Helen is the proud company director alongside her husband, Phil at his fifth-generation jewellery store in Blackburn; an iconic store that has been part of Blackburn’s retail scene for 155 years offering the finest quality in jewellery at reasonable prices, with professional customer service and advice in stunning surroundings.