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.
Many people believe that estate planning and writing a Will are the same thing. However, although Will writing is an important aspect of estate planning, the process involves much more. Estate planning goes further than Will writing to clarify your wishes about your finances, health, care, and more. In this article, we look at the interaction between Will writing and estate planning to help you determine which process is right for you.
There are several misconceptions about what happens to your debts when you die. Many people believe that your debts die with you, or that family members become responsible for paying your debts after you die, but this is simply not the case in Scotland. In this article, we look at what happens to your debts after you pass away, and several circumstances which may arise out of debts on the estate.
For many of us, leaving the family home to our children is something that is important to us. The question is, when is the best time to do this? Should you gift it to them now or leave it to them in your Will? Here, we explain what you should be considering when making this decision.
The legal systems of Scotland and England have their own traditions and interpretations. The result of this is often that each legal system has a different approach when it comes to dealing with issues that are common between them, such as how to administer the estate of someone who has died.
For many of us, a Will is one of the most important documents that we will ever prepare. Knowing that our wishes are explicitly stated for our loved ones to follow after our death can bring some comfort. We might rewrite or alter our Wills as we progress through life, but what happens if changes are needed to your Will after you have died? Is it possible to do this? This post will discuss the situations where this issue might arise and what can be done.
