We are pleased to invite Mahendree Naidoo to Demystify Law around The Bank of Mum and Dad.

With almost half of the under 35s entering the property market doing so with help from family in 2024 and 335,000 house purchases linked to financial help from family – it is no surprise that the Bank of Mum and Dad (BoMaD), or as more recently referred to as the Bank of Family, is ranked among the top ten “mortgage lenders” in the UK. However, unlike most financial institutions, loans or gifts from BoMad are informally recorded without understanding the potential inheritance tax and legal implications thereof. Join us as we discuss this with Mahendree Naidoo, partner in the Private Wealth Team at Lester Aldridge and look at what the BoMad means and how to navigate the financial and legal challenges that come with loans and gifts from family.

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About the speaker

Mahendree Naidoo | Partner, Lester Aldridge

Mahendree has over 18 years of UK experience in advising clients in relation to wills, estate and tax planning, trusts and estates administration.

Mahendree is known for her empathetic and practical approach in her advice to clients. With extensive experience working with families, individuals and business owners with the preparation of their wills, inheritance tax and lifetime planning, including lifetime trusts, powers of attorney and the administration of deceased estates, she is well placed to assist clients in navigating the complexities of the legal system. Her experience covers work in these areas internationally, as well as in the UK.

Mahendree has worked as the Head of Private Client Legal for one of the UK’s top 10 firms of accountants and business advisers. Originally from South Africa, Mahendree is a dual-admitted Attorney of the High Court of South Africa and a Solicitor of England and Wales.

About The Dura Society

We bring women wealth-holders, and their advisors together through education, connection and inspiration across our three pillars of women, wealth and well-being. Our private network, The Society, provides invitation only access and knowledge to the best in the private client and wellness industries.

Our services are for education and guidance purposes only. We do not provide financial, investment or legal advice.