Beneficiaries are those entitled to share in the estate of someone who has died. Beneficiaries receive their inheritance either through the Will of the deceased or, where the deceased did not make a Will, through the rules of intestacy.
The Scottish Land Commission recently published the “Natural Capital and Land: Recommendations for a Just Transition” paper setting out a number of recommendations for regulatory changes to be made in response to the growing interest in Scotland’s land market for natural capital purposes.
The Edinburgh property market has continued to exceed expectations with greater competition and higher prices being obtained for residential property on the market. It is a very competitive market for purchasers, with great demand for properties valued at over £1 million. Family homes are obtaining unprecedented prices, whilst one and two-bedroom flats fiercely fought for between first-time buyers and investors - particularly in popular residential areas. In this article, we take a look at some key statistics and the drivers behind the buoyancy of the market.
When it comes to estate planning, Inheritance Tax liability is a key consideration for many. You can mitigate this during your lifetime through gifting. As well as reducing the value of your estate for Inheritance Tax purposes, you can enjoy seeing your loved ones benefit from the gifts. In this article, we consider how you can make the most of lifetime gifting.
If you have set up a trust or were appointed as a trustee many years ago, you may be unsure of the importance of reviewing the trust assets and trust management. Historically, some Trusts have required minimal trust management, which can lead to a failure to review. However, it is essential that trusts are reviewed regularly to comply with the law and your obligations as a trustee. In this article, we provide you with an overview about the importance of trust reviews, how often you should review a trust and the dangers of failing to do so.