To address the impact of Covid-19 and to provide additional funding for health and social care, the Government announced plans last week, to increase the rates of tax paid on dividend income.
If someone close to you has passed away, the last thing you may be thinking about is how to deal with their social media accounts. However, for many, photos, videos and posts on a deceased’s social media accounts can be a source of comfort through the grieving process. Eventually, you will need to consider how best to deal with these social media accounts and other online accounts, sometimes known as the deceased’s ‘digital legacy’. In this article, we look at your options for handling a loved one’s social media accounts after they have passed away.
If you are required to work from home, including due to the COVID-19 pandemic, you can claim for the increased cost of things such as internet, phone bills and equipment for the time you spend at home. While the working from home allowance is not new, the rules have changed slightly and more people may be eligible as a result of the lockdown restrictions.
If you hold a bank account jointly with your spouse, civil partner, or another person, you may be concerned about what will happen should one of you pass away. Will you still have access to the account? Do you own all of the funds in the account? What forms part of the deceased’s estate? We understand that this may already be a difficult time for you, so in this article, we set out simply what happens to a joint bank account under Scottish Law when one party has passed away. Please note that different rules apply under the law of England and Wales to joint accounts held there.
Murray Beith Murray are pleased to announce that Partners, Peter Shand and Andrew Paterson, and the Asset Protection group have been ranked for Private Wealth Law in the Chambers High Net Worth Guide 2021.