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.
Murray Beith Murray Partner, Andrew Paterson, explains Capital Gains Tax liability on the sale of a property, in response to a reader’s question in a recent edition of The Scotsman. Read the full article below, republished by kind permission of The Scotsman:
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, 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.
Dealing with a loved one's estate can be a difficult task at a highly emotional time. However, an executor's role can be further complicated when the estate to be dealt with has international elements to it. Perhaps the deceased passed away while living abroad or held assets in another country. Either way, the process for dealing with an estate across multiple jurisdictions can seem daunting. In this post, we look at some of the matters you need to be aware of when dealing with an estate with international connections.
Murray Beith Murray Partner, Andrew Paterson writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman:
