Kathryn Johnston

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Are your loved ones relying on inheritance?

Thursday, 23 February 2023

Kathryn Johnston

Asset Protection

It is no secret that, today, parents tend to be wealthier than their children. Wealth built up during a lifetime of work leading to defined benefits pensions and a strong savings mentality combined with home ownership in a market that has seen ever-increasing values means many of today’s pensioners are reasonably well heeled. That leads to an expectation by the younger generation of a windfall through inheritance when a parent passes away. But how and why are your loved ones relying on inheritance?

2481 Hits

A guide to writing a Will for new parents in Scotland

Friday, 21 October 2022

Kathryn Johnston

Wills

Having a child is one of the most special moments in a parent’s life. There is the leadup to the birth, the preparation to get the baby’s room ready and all the presents from friends and relatives. Furthermore, once the baby has arrived and comes home, there’s the change in family dynamics with a new person in the house – whether it’s a first child or another addition to an already busy household!

2141 Hits

Estate planning for blended families

Thursday, 22 September 2022

Kathryn Johnston

Asset Protection

Estate planning for blended families can be extremely challenging. When a new family is created from different relationships, it is important to understand the entitlement children who do not have the same two parents have to share in their parents’ estates. In a blended family, there are usually children from a previous relationship of one or both of the partners. This can raise issues about who gets what when one or both die(s).

2936 Hits

Giving Power of Attorney: How to be clear about your wishes

Monday, 13 June 2022

Kathryn Johnston

Asset Protection

Giving Power of Attorney can be a very overwhelming experience. You need to be confident that you choose someone you trust and that this person will conduct your affairs as you wish. Choosing the right person and making your wishes clear are an important part of the Power of Attorney process, and can put your mind at ease that should you lose capacity, your Attorney has everything they need to carry out their role as you intended. In this article, we provide practical advice for choosing your attorney and making your wishes clear to them.

1634 Hits

Mismanagement of Trusts and Power of Attorney

Tuesday, 17 May 2022

Kathryn Johnston

Power of Attorney

If you believe that a trustee or attorney is not managing the assets and affairs of a loved one as they should, you will understandably be concerned. Both trustees and attorneys have great power and responsibility in their position, and abuse of this position can have serious consequences. In this article, we look at the general financial duties of attorneys and trustees, as well as what you should do if you think something is wrong.

3161 Hits

Insights