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.
In what is an unprecedented time, it is important that you can continue to manage your personal legal affairs in the most efficient way possible and feel supported in doing so. Lawyers throughout Scotland – and indeed globally – are thinking fast about ways in which various deeds can be finalised whilst adhering to the social distancing rules amidst the Coronavirus pandemic.
New intestacy rules for England & Wales have recently been announced, which raise the “statutory legacy” sum to £270,000. The laws of succession have a profound effect on what your loved ones will inherit when you die intestate (i.e. without leaving a valid Will) and it’s important to know that dying without a Will north of the border differs from the rest of the UK. In this article, we will look over the new changes to the intestacy legislation, what happens when you die intestate and automatic entitlement for families.
While making Wills is typically a priority for couples who own property together, worrying about who dies first often is not.
Making a Will is something that many people put off. However, it is important to take steps now to ensure that your family will be protected should the unthinkable happen.
While many people appreciate the importance of putting in place a Will, many of those who decide to take this step are unaware that the rules governing inheritance are different between Scotland and England. When putting a Will in place, it is therefore necessary to consider whether a Scottish or an English Will is appropriate. This decision can have a significant impact when distributing your estate at a later date.
