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.
When it comes to estate planning, Inheritance Tax liability is a key consideration for many. You can mitigate this during your lifetime through gifting. As well as reducing the value of your estate for Inheritance Tax purposes, you can enjoy seeing your loved ones benefit from the gifts. In this article, we consider how you can make the most of lifetime gifting.
If you are looking to provide for your family after you have passed away, you may have considered a type of trust - often referred to as a ‘Family Protection Trust’ or ‘Asset Protection Trust’. As these terms suggest, these types of trusts are designed to protect your family wealth from a variety of different circumstances. While setting up a trust is not right for everyone, it can provide a broad range of benefits under the right circumstances. In this article, we look at some of the protections a trust might afford your assets and your future family wealth.
Pensions can be an incredibly efficient way of maximising the inheritance your loved ones will receive after you pass away, greatly mitigating your inheritance tax liability and providing an element of flexibility for intergenerational estate planning. In this article, we look at some of the key benefits of using pensions as part of the estate planning process.
Murray Beith Murray Private Client Partner, Peter Shand, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman:
It can be difficult to think of a time when you are no longer around, but it is essential that you prepare your loved ones as part of the estate planning process. Raising your wishes with your family and friends can make it much easier for them when the time comes and can allow you to feel confident that your affairs are settled. In this article, we look at why you need to talk about these uncomfortable topics and how to make sure it is as straightforward as it can be.
