Category Archives: Private Client

Coronavirus and Powers of Attorney

March 20, 2020 | Ailidh Ballantyne |

coronavirus and power of attorney

Now more than ever, we should be asking the question: “are my affairs in order?” In these uncertain times, it is prudent planning to consider putting a Will and Power of Attorney in place. A Will, of course, allows you to state what you wish to happen to your assets upon your death and provides … Read More >>

Inheritance Tax Changes? – What You Need To Know

March 5, 2020 | Ailidh Ballantyne |

inheritance tax changes

The Office of Tax Simplification (OTS) has made some recommendations and proposals to overhaul Inheritance Tax (IHT). Whilst these proposals may look good on the surface, the devil is in the detail. A welcome proposal made by the OTS is the reduction of the seven-year gifting rule to five years.? This would see individuals being … Read More >>

Death of a Sole Director – What Next?

February 26, 2020 | Ailidh Ballantyne |

sole director dies

When a sole director of a company dies, there can often be difficulties. However, those difficulties are, perhaps, more evident where a sole shareholder dies who is also the sole director of a company. The general position is that where a company has a number of directors and one of the directors dies, the surviving … Read More >>

I?m Appointed As An Executor ? What Are My Responsibilities?

December 10, 2019 | Ailidh Ballantyne |

Appointed as an executor

Choosing who you wish to implement the terms of your Will can be a difficult decision. After all, this is the person you will trust to ensure that your estate is administered according to your wishes. An executor is a person who is appointed by someone who is making a Will (also known as the … Read More >>

Managing Someone Else?s Finances

December 4, 2019 | Lynne Lind |

managing someone else's finances

When you, or someone close to you, has been diagnosed with a deteriorating health condition thinking about day-to-day practicalities can be difficult, for example managing finances. To allow someone to manage your day-to-day banking (but not open or close accounts or apply for overdraft) can be arranged by means of a Third Party Mandate. The … Read More >>

Letters of Wishes

November 14, 2019 | Ailidh Ballantyne |

Letters of Wishes

You have made a Will. Congratulations! This now means all of your affairs are in order, your Will can be easily interpreted upon your death and your family will understand your reasons for what you have chosen to include in your Will. Well, not necessarily. It can, at times, be difficult to understand someone?s Will … Read More >>

You own a business? Make a Will!

October 16, 2019 | Ailidh Ballantyne |

Business will

For many, the prospect of making a Will to adequately provide for their family can seem a rather daunting task. However, when you are a business owner, the number of issues to be considered increases. With that in mind, why should business owners make a Will? Is it really that important? Planning for the future … Read More >>

Funeral Expenses Payment in Scotland

September 16, 2019 | Lynne Lind |

Funeral Expenses Payment

Today sees the introduction of a new Social Security Scotland benefit to assist those on low incomes to meet the costs of a funeral. ?The payment, known as Funeral Expenses Payment, can help pay for some of the costs of the funeral (burial/cremation fees, travel to arrange or attend funeral, death certificate & other documents). … Read More >>

What is a Home Report?

September 10, 2019 | Lindsey Taylor |

home report

Home Reports provide buyers, solicitors and mortgage lenders with a clear market valuation of residential property on the open market for sale and give detailed information on the condition of the property. The onus is now with the seller of a property in Scotland, who wishes to sell their residential property on the open market, … Read More >>