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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.

How long does it take to wind up an estate?

andrew

If a loved one has passed away, you may be wondering how long it might take to wind up the estate. However, there is no simple answer to this question. The length of time it might take to wind up an estate will depend on many factors, but you can expect the process to take at least six months.

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How to handle your executor duties during the Coronavirus pandemic

andrew

Many people are facing onerous obligations as the executor of the Estate of a loved one. These duties and responsibilities do not cease because of lockdown restrictions, and those acting as executors or trustees of estates or family trusts must understand what they must do, and what can be done at this exceptional time.

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HMRC changes Inheritance Tax processes during lockdown

andrew

HMRC has made temporary changes to its Inheritance Tax (IHT) processes to minimise delays to its service during the COVID-19 outbreak. The emergency measures have been implemented to ensure the department’s service can continue as smoothly as possible while the Government’s restrictions remain in place.

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Scottish Courts move enables grieving families to proceed with estate administration

andrew

It is understandable that the current lockdown is having a significant impact on courts in Scotland and challenging for the Scottish Courts and Tribunals Service (SCTS) to prioritise essential court proceedings. 

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Executries - making sure that you get the estate valuation right

andrew

For many people, the most valuable asset in their estate on death is their residential property. The value of the property, particularly in cities like Edinburgh, can mean that otherwise small estates become subject to Inheritance Tax. It is important to report an accurate value of the property to HMRC for Inheritance Tax purposes, with fluctuations in the market making this quite challenging for non-professionals.

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