Will my estate be liable for Inheritance Tax?
The Inheritance Tax threshold over which estates pay Inheritance Tax (IHT) has been frozen at £325,000 since 2009. Since then, property prices have risen along with most asset values. That has meant an ever-increasing number of estates are becoming liable for...
What is a Deed of Variation (and why would you need one)?
Beneficiaries sometimes ask us if they must follow the deceased’s instructions in a Will. They also ask if they can change the distribution of the estate when the deceased died without a Will. If beneficiaries wish to change the distribution of an estate, whether...
Do you have “capacity” to make a Will?
Usually, drawing up a Will in Scotland for our clients is relatively uncomplicated. Clients tell us about their intentions and what they would like to happen after they have passed away. We then give advice on how this can be set out in their Will. After that, we...
Donating to charity through a Will
Charities depend heavily on donations made to them through Wills. This is a particularly important source of income for charities. Charities often encourage these types of donations through adverting and promotions. We often ask clients if they wish to make a...
Thinking about updating your Will? Don’t do it on the back of an envelope!
When one of our clients decides to make a Will, they think through their options carefully. We discuss their wishes with them and advise them of their options. We then take their instructions and prepare a draft Will for their review. Once our client is happy that the...
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