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.
2020 was a difficult year for the commercial property sector with the COVID-19 pandemic causing significant challenges for investors, landlords and tenants. During the first lockdown, investment in commercial property slowed significantly. With surveyors unable to visit developments, the shutdown of the courts and the Land register, among other practical difficulties, completing commercial property transactions was incredibly challenging.
If you have been appointed as an executor of a loved one’s estate, one of the most important responsibilities you have is to obtain a valuation of the estate. The process of valuing a loved one’s assets can be challenging and confusing. In this article, we set out some of the things you must be aware of when obtaining a valuation of a deceased’s assets in Scotland.
If a loved one has passed away, you may be wondering how long it might take to wind up the estate. However, there is no simple answer to this question. The length of time it might take to wind up an estate will depend on many factors, but you can expect the process to take at least six months.
A crucial part of the estate planning process is choosing your executor and, for many, this will typically be a loved one such as your spouse or children. However, this raises the question as to whether they can also be named as a beneficiary or if this could cause them to be disinherited from your Will.
There has been much speculation around the possibility of abolishing Entrepreneurs’ Relief. However, the Government has decided to retain the relief with the purpose of encouraging genuine entrepreneurial risk-taking. One change that the Government did make is that from 2020/2021, Entrepreneurs’ Relief has been renamed as Business Asset Disposal Relief.
