A properly executed Will should give families peace of mind, ensuring that a loved one’s wishes are honoured after death. However, if a Will does not meet the legal standards outlined in the Requirements of Writing (Scotland) Act 1995, it can lead to complications and delays. In this blog, we will explore what to do … Read more
Common Mistakes in Completing a C1 Application for Confirmation can lead to delays or complications in the estate administration process in Scotland. When someone dies in Scotland, their executor(s) must often apply for Confirmation — the Scottish equivalent of probate. One of the key documents in this process is the Form C1, which gives the … Read more
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