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Checking for lost assets when winding up an estate

Thursday, 11 April 2024

Andrew Paterson

Asset Protection Executry

Losing financial assets as you progress through your life might not be as unusual as it sounds. Gone are the days when people had a “job for life”, staying with the same company from leaving school through to retirement. People are much more mobile these days and are likely to not only move job but move house several times throughout their lives. For example, there may be pensions from different employers or savings or investments which have been lost through time because the institutions holding these were not notified of something as simple as a change of address.

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Is there a 'right age' to draw up a Power of Attorney?

Tuesday, 26 March 2024

Andrew Paterson

Power of Attorney

Andrew Paterson Planning for the future means different things to different people. To some, it will be as straightforward as what to see at the cinema this week. To others, it might be planning for this year’s family holiday. Some might plan to move house this year and others might be planning to move job. However, what everyone should be thinking about is planning for the unexpected. There can be nothing more unexpected than an illness, accident or other incapacity that renders you unable to look after your own affairs. That’s where a Power of Attorney comes into play. But is there a “right age” to draw up a Power of Attorney?

224 Hits

Where should a Will be stored and who should know about it?

Monday, 12 February 2024

Andrew Paterson

Wills Executry

It would be fair to say that solicitors who deal with estates sometimes need to spend time trying to discover whether someone who has died, made a Will whilst they were alive. Clients who make a Will should be applauded. However, having done that, it is important to decide where the Will should be stored and who should know about it.

509 Hits

What is the difference between an Attorney in a Power of Attorney and an Executor of a Will?

Monday, 02 October 2023

Andrew Paterson

Power of Attorney Wills

andrew You might say it is a matter of life and death. Basically, an attorney deals with the affairs of someone whilst they are alive whilst an executor deals with the affairs of someone who has died. Whilst that might seem simple and straightforward, it is important to understand the different functions of an attorney and an executor.

1667 Hits

The Scotsman: Why is it so hard for lawyers to convince people to make a Will?

Monday, 11 September 2023

Andrew Paterson

News/Press

andrew Murray Beith Murray Private Client Partner, Andrew Paterson writes in The Scotsman this week. Read the full article below, republished by kind permission of The Scotsman.

I like to think that those in my profession dispense wisdom and wise counsel. I don’t know if Agatha Christie was referring to lawyers when she said: “Good advice is always certain to be ignored, but that’s no reason not to give it.” If she was referencing the legal world, then she was almost certainly talking about our sometimes fruitless passion to ensure people put effective Wills in place.

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Insights

Andrew Paterson

Checking for lost assets when winding up an estate

Is there a 'right age' to draw up a Power of Attorney?

Where should a Will be stored and who should know about it?

What is the difference between an Attorney in a Power of Attorney and an Executor of a Will?

The Scotsman: Why is it so hard for lawyers to convince people to make a Will?

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