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.
It is understandable that the current lockdown is having a significant impact on courts in Scotland and challenging for the Scottish Courts and Tribunals Service (SCTS) to prioritise essential court proceedings.
If COVID-19 has taught us anything, it is the importance of being prepared for any eventuality. At the present time, many individuals are understandably worried about their business, property, savings, and personal assets. Having worked incredibly hard during your lifetime to build up your estate, it is entirely reasonable to worry about what Coronavirus may mean for you and your loved ones. The important point to remember through all of this is that you can put in place measures to protect your estate at any time, assuming you have the capacity to do so. The peace of mind afforded by making even small steps towards effective estate planning cannot be underestimated. Remember too, specialists in estate planning law are here to help and guide you through the process of working out a suitable strategy and then putting it in place without delay. In this article, we will explain just three of the estate planning mechanisms you should consider and implement to mitigate the potential effects of Coronavirus.
Notwithstanding Brexit, the EU 5th Anti Money Laundering Directive (5MLD) must now be implemented by the UK Government and has a significant impact on trusts. Changes include an extension to the range of trusts that must be registered and a requirement for trusts to share certain information on publicly accessible registers. In this post, we look in more detail at the changes introduced by 5MLD and how UK trusts might be affected.
Murray Beith Murray Partner, Andrew Paterson, writes in The Scotsman this week (13 April 2020), read the full article:
You have now, hopefully, had a chance to read Part One and Part Two of Murray Beith Murray’s “Self-isolation Schedule” blog, with our first two suggested tasks to help you have a legally productive lockdown. Part Three in our series gives a very important task for you to take note of:
