Category Archives: Private Client

Changes to Inheritance Tax?

August 14, 2019 | Ailidh Ballantyne |

Changes to Inheritance Tax

The Office of Tax Simplification (OTS) has made some recommendations and proposals to make changes to Inheritance Tax. Whilst these proposals may look good on the surface, do they actually lead to the elimination of some useful tax breaks such as taper relief? Timescales A welcome proposal made by the OTS is the reduction of … Read More >>

What is the difference between a power of attorney and guardianship?

August 5, 2019 | Lynne Lind |

difference between a power of attorney and guardianship

Often people will ask – what is the difference between a power of attorney and guardianship or if one is better than the other? Our simple guide below explains the difference. Power of Attorney Power of attorney is a legal document which you (“the grantor”) grant in favour of another person (“the attorney”) to make … Read More >>

What is a Liferent?

August 1, 2019 | Ailidh Ballantyne |

what is a liferent

Dependent upon your family circumstances, it may be sensible to consider including a liferent provision in your Will. However, what is a liferent exactly and how may it benefit you? What is a liferent?   A liferent can be used where you wish your spouse, for instance, to benefit from the income from your assets … Read More >>

Failsafe Beneficiary – Future Proofing Your Will

June 28, 2019 | Ailidh Ballantyne |

Failsafe beneficiary

“We’re all going on a summer holiday…” It’s that time of year again. Sun, sea and sand… it’s holiday time. Multi-generational travel has increased markedly over the past few years. No longer is it simply mum, dad and the children jetting off abroad, it is now mum, dad, the grandparents, the grandchildren etc. Whilst family … Read More >>

To Cremate or … Compost? – Your Will and Funeral Instructions

June 5, 2019 | Ailidh Ballantyne |

will and funeral Instructions

Deciding upon what you wish to happen to your body when you die is never an easy thought. What would your family want? Should you be buried? But along with that can often come additional expenditure on top of funeral costs, including purchasing a lair etc. Or should you be cremated and have your ashes … Read More >>

The Importance of Reviewing Your Will

May 29, 2019 | Ailidh Ballantyne |

Reviewing Your Will

If you have a Will in place, it is important to review this on a regular basis to ensure it is up to date with your personal and financial circumstances. People often think of reviewing matters such as the amount of money to be left to nieces or nephews or who should, in fact, inherit … Read More >>

Brain Injury Awareness Week

May 22, 2019 | Lynne Lind |

Brain Injury Awareness

Brain Injury Awareness Week 2019 is here – #ActionForBrainInjuryWeek #ABIWeek, culminating with #HatsForHeadway on Friday 24th May. As is often the case, family members can face numerous difficulties as the result of a loved one succumbing to a brain injury – if they no longer have capacity to make decisions for themselves and if the … Read More >>

Dying Matters Awareness Week

May 14, 2019 | Lynne Lind |

Dying matters

No-one likes to contemplate their own death or think of the death of a loved one. It is however an important topic of conversation to have with your family and friends and is encouraged as part of the Dying Matters Awareness Week. Doing this at an early stage allows you to have an unpressured conversation … Read More >>

What are the Duties of a Financial Guardian?

May 14, 2019 | Lynne Lind |

Duties of a financial guardian

Once appointed by the Court to act as Financial Guardian there are certain administrative responsibilities which you will have to fulfill, these are detailed below. By taking on this role you are accepting this responsibility and it is therefore important that you consider if you have the time and ability to carry out the duties … Read More >>

Gifting Your Property to Avoid Care Costs

April 16, 2019 | Lynne Lind |

gifting your property

Many families wish to ensure that their family are provided for in the future. They have worked hard to be able to own their property and do not want their estate to be exhausted by paying care costs.  Beware – there are many things to consider before gifting your property to avoid care costs. Should … Read More >>