Proper diet and aerobic exercise will help burn the fat and, over the course of time fat levels will reduce around the love handles as well as your thighs.
To help tone the love handles do side bends, done by standing straight with knees slightly bent and feet apart, then slowly lower the trunk a few inches to the left side then back again to do the right side. Try to keep the body and legs in line by not bending forwards or backwards.
Torso twists are also great, they help tone the abdomin muscle tightening the love handles. While standing firmly with feet shoulder width apart, the torso twists gently to the left side then to the right while at the same time trying to limit the movement from the hips. During the movements the torso should always remain upright, there should be no bending involved.
For your upper thighs, stand with feet sholder width apart,
raise you leg up to the side (with a squeezed) then back down.
I also recommend you do squads 3 x a week w/ your own body weight.
Good luck and have fun.