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.
Family businesses face the same challenges as every other business. However, they have the added complication of involving highly personal relationships. When conflicts arise, there is much at stake and commercial decisions can be influenced by the way people feel, unresolved family tensions, or things that may have happened in the past. As a result, it is not only the matter at hand that needs to be effectively managed but the people involved in the running of the business too.
Murray Beith Murray Partner, Bill Meldrum writes in The Scotsman today about five key principles that should focus landlords’ minds around how they interact with commercial tenants.
The law of Scotland provides that your spouse and children will automatically benefit from your estate, regardless of whether or not you left a Will. This is due to the system of Legal Rights, which is unique to Scotland in the UK.
When advising on and drafting a Will, a Solicitor must ensure that the Testator (the person making the Will) has full capacity to make the decisions featured in the document. Failure to do so can leave the Will open to challenge by disgruntled beneficiaries or those who believed they should have benefited from the Will.
