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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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Estate planning in Scotland when you have stepchildren

adam swayne

Estate planning can be a complicated process, particularly when your family structure includes stepchildren. The Scottish Law Commission estimates that around half of all families in the UK are stepfamilies, with one in eight children being part of a stepfamily. It is clear that stepfamilies are not uncommon, and at present, there have been suggestions for changing the law to ensure that stepchildren have the same rights in inheritance as biological and adopted children. 

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Maximising your inheritance tax threshold

Kathryn Johnston

An important part of estate planning is maximising your inheritance tax (IHT) threshold and minimising how much of your estate incurs inheritance tax. There are many elements of a comprehensive IHT saving strategy, but in this post we look at three things you may wish to consider. 

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Intergenerational estate planning using pensions

peter

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

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Updating your Will and estate plan after divorce

adam swayne

Going through a divorce is never easy and can cause much upheaval to your life and future plans. After you have reached a divorce settlement, you may need to reconsider a number of estate planning matters. Most people include their spouse in their Will and give them Power of Attorney. The law does make some provisions for divorce to avoid unwanted scenarios. However, reviewing your Will and ancillary matters is the only way to ensure that your wishes are carried out. In this article, we look at the key things that you should do after divorce.   

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Can estranged spouses claim legal rights?

andrew

Many couples who plan to divorce live separately for several years. Also, some married couples do not intend to divorce or reconcile and simply live as estranged partners for the rest of their lives. However, staying married to a partner with whom you are no longer in a relationship may have unintended consequences for your estate. 

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