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.
With many of us living longer, we are becoming more conscious of the need to safeguard our affairs by putting in place a Power of Attorney, appointing trusted individuals to make financial and/or welfare decisions on our behalf should there become a time when we have to rely on someone else to make those important decisions for us.
With Brexit looming in less than a year, the temptation for some may be to fly off into the sunset, leaving behind all ties with the United Kingdom, however be warned, not all ties can easily be cut!
Recent reports have highlighted that inheritance tax receipts continue to grow despite the introduction of the new residence nil rate band. Inheritance tax receipts reached an astounding high of £5.2 billion in the last tax year. This is an 8 per cent increase compared to the £4.8 billion total that was reported in the previous tax year of 2016-17.
Andrew Paterson, a Partner with Murray Beith Murray, writes in the Scotsman (6 August 2018)
New General Data Protection Regulation (GDPR) rules that have been brought into effect in the EU may have unexpected implications in relation to Wills.
