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.
In order to bring a commercial property lease to an end, clear advance notice of a party’s intention to terminate the lease must be given by one party to the other within the specified statutory timeframe. Where neither party serves the termination notice within the specified timeframe, the lease will continue to run on an implied re-lease with the same terms and conditions as the original lease due to the doctrine of ‘tacit relocation’.
Every year, millions of pounds worth of cryptocurrency is lost forever because the owners of the currency failed to put a plan in place to leave it to loved ones. A 2020 study by the Cremation Institute indicated that 89% of cryptocurrency owners were concerned about what would happen to their cryptocurrency when they die. Despite this, many still fail to make a contingency plan to ensure that it can be passed on. In this article, we look at how to effectively pass on cryptocurrency through a Will.
Buying a property is an exciting process, but the coronavirus pandemic has impacted both the process and the timescales for property purchases. Typically, buyers and sellers can still expect to be waiting a few weeks longer than usual to complete as professionals involved in the process catch up on the increase in transactions from earlier this year.
People choose to set up trusts for a wide variety of reasons, but if you have a vulnerable person in your life, we understand that you may wish to protect them and provide for them in some specific way. One such way is to set up a vulnerable person’s trust, which can provide both financial and administrative support. This area of the law can be complicated, but in this article, we aim to provide an overview of why you might want to set up a vulnerable person’s trust, what a vulnerable person’s trust is and the process for setting up such a trust.
There are many ways that couples might choose to formalise their relationship, whether that involves cohabitation, getting married or entering a civil partnership. The law in Scotland has recently changed to allow different sex couples to enter into a civil partnership. (See our previous blog, Mixed civil partnership). In light of this development, couples may wish to give some consideration to the differences in the treatment of these approaches in the law of succession.
