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, Fraser Scott writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman:
Many people fail to make a Will at all, thinking that they do not need one. However, every adult over the age of 16 should make a Will and update it as their circumstances change throughout their lives. In this article, we look at why everyone needs a Will, capacity and Power of Attorney, and life events that may require you to update your Will.
A liferent trust is used where the person who owns an asset wishes to allow someone else to have the benefit of it whilst passing on ultimate ownership to someone else. Whilst a liferent trust can be created during the owner’s lifetime, it can also come into force when the owner of the asset dies.
We are approached regularly by new clients asking us to have a look over trust arrangements which have been set up their behalf, with the help of a former legal advisor. This is frequently in connection with trusts that are branded as ‘Family Protection Trusts’ (or ‘Asset Protection Trusts’). Here are some of the questions we are most commonly asked:-
From 30 June 2021, civil partnerships have been available to all couples in Scotland. This marks a crucial step forward in reaching parity between couples of all gender identities and sexual orientations. Further, for the first time, civil partnerships between couples of different genders formed outside of the UK will be recognised in Scotland.
