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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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Separated or divorced? You need to update your Will

Peter Shand

If you have separated or divorced or are currently going through a divorce or separation, perhaps the last thing you might think about is updating your Will. However, it is one of the key elements of the separation and divorce process solicitors will advise you to deal with immediately.

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Care home fees and their impact on your estate

Kathryn Johnston

When you grow old, you will usually want to see out your days in your own home with your faculties still intact. Regrettably, some older people will spend their last days as a resident in a care home. In fact, in Scotland, as of 31 March 2022 (the latest release of these statistics), there were 30,552 older people who were residents in care homes for adults. 

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Where should a Will be stored and who should know about it?

Andrew Paterson

It would be fair to say that solicitors who deal with estates sometimes need to spend time trying to discover whether someone who has died, made a Will whilst they were alive. Clients who make a Will should be applauded. However, having done that, it is important to decide where the Will should be stored and who should know about it.

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Can I designate a Power of Attorney if living outside of the UK?

Alec Stewart

Power of Attorney (“POA”) is a legal document which appoints one or more people (known as attorneys) to take actions or make decisions on your behalf. You must be over the age of 16 and capable of making your own decisions to be able to grant a POA in Scotland. In England, you must be over the age of 18 to put in place a POA. Individuals can choose to grant POAs for continuing (financial) and/or welfare matters, often combining the two into one deed. A similar regime operates in England and Wales, whereby POAs are known as Lasting Powers of Attorneys (“LPAs”) and individuals can appoint attorneys to act in relation to their financial and/or health affairs.

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Can you avoid Inheritance Tax with a Will?

Peter Shand

Inheritance Tax (IHT) planning is key to ensuring your loved ones keep as much of your estate as possible after you die. There are a variety of ways to mitigate against the effects of IHT and using a Will is just one of them. The simple answer is yes, you can avoid Inheritance Tax with a Will. Below we will look at some of the options available to you. Of course, IHT is only a problem if your estate exceeds £325,000.

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