Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
Your executor is responsible for carrying out the instructions left in your Will to distribute your estate. Being an executor is no easy task, and failure to carry out the role properly can have serious legal consequences. Therefore, it is important to choose the right person (or people) to fulfil the role. In this post, we look at some of the things you should consider when deciding who will be your executor.
Running a family business can be all-consuming, but taking time out to plan for the future is important, and doing this properly is the key to successful succession planning.
When a person dies, a certain amount of the estate they leave behind can be passed on to their loved ones free of Inheritance Tax. If the person does not use their tax-free allowance, they may pass this on to their spouse or civil partner - this is known as the transferable nil-rate band. In this post, we look at how the transferable nil-rate band works and answer some of the questions you may have.
The official deadline for filing a Self Assessment tax return for 2019-20 was 31 January 2021. However, in a last-minute move, HM Revenue & Customs (HMRC) extended the Self Assessment filing deadline to the 28 February 2021. In this article, we look at the extension to the deadline and highlight key dates and issues you need to be aware of.
If you have been appointed to act as an attorney on behalf of an adult you know, we understand that you may feel daunted by the responsibility this brings. You may be required to make difficult decisions and carry out tasks you are unsure of. However, you do not have to go through this alone, and it is possible to get help and advice to fulfil the role.
