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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.

Call us today on 0131 225 1200
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Letters of Wishes: Explained

Adam Swayne

If you are concerned about how your assets may be distributed after you pass away, you may wish to consider preparing a Letter of Wishes. A Letter of Wishes plays a valuable role when you have left assets in trust for your loved ones and can help trustees to understand how you would like the trust to be managed. While trust deeds and Wills tend to be formal in nature, a Letter of Wishes is an opportunity to express more personal feelings and preferences. In this article, we look at what a Letter of Wishes is, when you may wish to use one, and what you may like to include. 

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


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. 

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Estate planning in Scotland when you have stepchildren

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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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