Plan Ahead: The Vital Importance of a Power of Attorney
Life is unpredictable. Without the proper legal safeguards in place, a sudden health crisis or accident can upend everything for both you and your family. Protect yourself and your loved ones by setting up a Power of Attorney. Do not wait until it is too late to...
Don’t Make Handwritten Wills – if you do, don’t make more than one!
Confusion, conflict and court. The result of the competition between two handwritten Wills. These were not the Wills of an ordinary individual, but the Wills of the “Queen of Soul”, Aretha Franklin who died in 2018. Following her death, the family did not believe she...
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...
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