Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
Many couples who plan to divorce live separately for several years. Also, some married couples do not intend to divorce or reconcile and simply live as estranged partners for the rest of their lives. However, staying married to a partner with whom you are no longer in a relationship may have unintended consequences for your estate.
If you are inheriting your family home, you may have many questions about how this works. What if you want to live in the property? What happens where you must share the inheritance with your siblings? In this article, we look at some of the most common questions we are asked about inheriting a family home in Scotland.
Acting as an executor can be challenging. There are many things an executor needs to do in order to properly wind up an estate, with many duties and obligations with which they must comply. As a result, many people choose to appoint or instruct a solicitor to assist them with the administration of a loved one’s estate. In this article, we answer some of the questions you may have about working with a solicitor to wind up the estate of a loved one.
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.
Last week marked the UK’s first “Tax Administration and Maintenance Day”, which came shortly after the Autumn Budget was presented. The day saw a series of tax policy updates and consultations published, all claiming to be geared towards the simplification and modernisation of the tax system.
