Wills, Executries and Trusts
A Will is one of the most important documents that you may prepare. A well written Will should give you peace of mind knowing that your wishes will take place and you have taken care of everyone. It is estimated that a large percentage of people in Scotland do not have a Will. If you do not have a valid Will then you are not in control of who receives your hard earned assets. You cannot assume your spouse, life partner or children will inherit everything. To die without a Will is to die “intestate”. Scots Law then determines who inherits your estate and there are costly and time consuming extra procedures to administer your estate if you do not have a valid Will.
We also offer advice on Inheritance Tax planning, Will Trusts and Discretionary Trusts. It is very important that you renew your Will on a regular basis. For further information please contact a member of our team at any of our offices or complete an online enquiry form.
Living Will
A Living Will which is also known as an Advanced Medical Directive is a document that ensures your loved ones are aware of your end of life wishes. Please contact any of our team at our offices or submit an online enquiry form.
Executry Services
The death of a loved one is a very emotional time. We can help you with this as well as dealing with the formalities of administering the estate, which can often be complex. Estate administration can be very time consuming but our large and experienced executry department comprising Michelle Ettles and Sandy Symon-More are here to help you.
There are 4 mains steps in administering an Estate where no inheritance tax is payable.
- Obtaining information as to all assets and debts.
- Preparing Inventory of assets to apply to the Sheriff Court for Confirmation (known as Probate in England) which is a legal document authorising the assets to be uplifted.
- Ingathering assets and paying debts.
- Distribution of assets to beneficiaries including any sale or transfer of property.
Where inheritance tax is payable the administration of the Estate is much more complex and our executry team are there to help you. For further information please contact a member of our team at any of our offices or complete an online enquiry form.
