Category Archives: Private Client

You own a business? Make a Will!

October 16, 2019 | Ailidh Ballantyne |

Business will

The majority of people in Scotland do not have a Will. However, if you die without having a Will in place, your estate will be passed on according to the rules of intestacy. Under these rules, if a person dies leaving a spouse and children, the spouse will be entitled to certain rights, known as … 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 >>

Tenement Repairs – a common problem

September 4, 2019 | Jane Mill |

tenement repairs

Are you the owner of a property in a tenement? If you are, can you answer the following:- Who owns the various parts in your tenement building? Who is responsible for the maintenance and repair of your tenement? What do you do if tenement repairs are required? Who is settling the account for your tenement … Read More >>

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 >>