Tim Weir When it comes to planning for the future, one of the most important things to safeguard is your home. With a liferent trust, you can protect your home, your family and your assets for the future. Read on for more information on how a liferent can protect your home. If you’re concerned about inheritance within … Read more
Private pensions are crucial to the idea of retirement planning, providing financial security in your later years. But can you nominate someone to receive your pension? In Scotland, as in the rest of the UK, the administrators (or trustees) of a pension scheme typically decide which beneficiaries will receive the remaining pension funds when a pension-holder … Read more
What is Form IHT400? A Comprehensive Guide for Scottish Residents HM Revenue and Customs (HMRC) form IHT400 is a critical document for handling Inheritance Tax throughout the United Kingdom, including Scotland. The IHT400 must be completed and submitted when the estate of a deceased person is valued above the Inheritance Tax threshold. Navigating the complexities … Read more
What is Probate in Scotland? Is Probate a Scottish or English term? What is the difference between the legal systems of Scotland and England when it comes to dealing with a deceased person’s estate? All these questions are more will be answered in this article, so read on or contact us today if you would … Read more
The time it can take to obtain Confirmation of a will in Scotland can vary depending on many factors, including the complexity of the deceased person’s estate, the likelihood of contentious issues or disputes within the family or beneficiaries, and the workload of the particular Sheriff Court in Scotland. In a straightforward case with no … Read more
If someone you know has died and did not create a Will during their lifetime, you may need to obtain something known as “Confirmation” to be able to release their assets – e.g. bank accounts, investments, etc. Confirmation in Scotland without a Will can be quite complicated, and involves a number of additional steps required … Read more
Unlike other law firms, we offer a fixed-fee Confirmation service to our clients. If you have been searching for fixed fee confirmation Scotland, we can help you today. At Weir Law, we appreciate that dealing with a death will always be difficult, but we can help you to manage the process and relieve you of much … Read more
If you are dealing with the estate of someone who has died, and that person owned a house (or a flat, or piece of land) in Scotland, you may be wondering if you can sell a house before confirmation in Scotland. The answer depends on how the title deeds to the deceased person’s property looks. … Read more
Confirmation (the Scottish equivalent of probate) is the legal process that takes place after someone has died. You may need to obtain Confirmation before any of the deceased’s assets (i.e. savings, premium bonds, their share of a property) can be released. There are two types of Confirmation in Scotland: small estates and large estates. This … Read more
A Deed Of Variation Can Legally Change The Way A Deceased’s Assets Are Distributed. Deed of Variation How Can It Help Scotland? The legal definition of a will is “a legal document in which the person declares their intention as to what should happen to their estate after their death,” so it’s not surprising that … Read more