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.
People who do not have a partner or any children can sometimes feel like the estate planning process is unnecessary. With no dependents, they may think that they do not need to worry about leaving provision for a time when they are no longer around.
You may have heard the term ‘Bond of Caution’ and have concerns about whether you might need one to wind up the estate of a loved one. When a person passes away, executors do not automatically have the authority to distribute the assets in an estate. Instead, they must obtain Confirmation (known as Probate in many other countries) first. In certain circumstances, a Bond of Caution may be required for the Sheriff Court to grant Confirmation. In this article, we take a look at what a Bond of Caution is, what it does and when it may be necessary.
If someone close to you has passed away, you may be concerned about money that has been left in their bank account. We understand that this may be a very stressful time for you and that additional financial or practical concerns may be causing you distress. In this article, we address money left in bank accounts after someone has passed away and the circumstances which mean you can access and withdraw such funds.
Buying a property is an exciting time, but after an offer has been accepted, it can often feel as if you are left in the dark about what happens next. Once you have had an offer accepted on a property, there are many steps your solicitor will go through to complete the transaction. In this post, we look at the steps in a property transaction after you have made a successful offer.
If you have worked hard throughout your life to save for retirement, you want to be sure that should anything happen to you; your hard-earned savings can benefit your loved ones. Pensions should be a crucial part of estate planning as they are often some of the most valuable assets we own. In this article, we look at ways to pass on your pension, how to make pension contributions for loved ones, and why contributing to your own pension could be an effective form of estate planning.
