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