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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.

How to get your estate planning in order from home

chloe gentle

As Scotland has now moved into Phase 3 of their route map out of lockdown, tight physical distancing measures still remain in place to prevent any further spread of COVID-19. While these measures are in place, you can still take valuable steps towards planning for your estate after you die, or in the event that you lose mental capacity. For many, estate planning may be a matter of urgency or concern at this time. As a result, the Law Society of Scotland has introduced interim guidance to ensure compliance with both social distancing measures and the law of Wills, Trusts and estates. Here’s what you need to know about estate planning during the coronavirus pandemic.

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How to handle your executor duties during the Coronavirus pandemic

andrew

Many people are facing onerous obligations as the executor of the Estate of a loved one. These duties and responsibilities do not cease because of lockdown restrictions, and those acting as executors or trustees of estates or family trusts must understand what they must do, and what can be done at this exceptional time.

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Power of Attorney - Young people need them too

Nur2

The current climate demonstrates that you simply never know what is around the corner.  The global pandemic has forced many across the country to re-evaluate their legal and financial affairs, in part because it has shown that young people can become very ill and incapacitated.  The overwhelming majority of younger people with serious COVID-19 symptoms do go on to make a full recovery, however, the illness can cause those affected to be incapacitated for up to six weeks

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HMRC changes Inheritance Tax processes during lockdown

andrew

HMRC has made temporary changes to its Inheritance Tax (IHT) processes to minimise delays to its service during the COVID-19 outbreak. The emergency measures have been implemented to ensure the department’s service can continue as smoothly as possible while the Government’s restrictions remain in place.

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Tax efficient gifting to your loved ones, family, and friends

adam swayne

Coronavirus is having a profound impact on many aspects of our lives. With many people facing difficulties during these extraordinary times, providing financial assistance and support to family and friends is at the forefront of people’s thoughts. However, if careful planning is not carried out beforehand, you may find yourself inadvertently subject to an unwelcome charge to Inheritance Tax in the future.

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