Wills and Trusts
Every person in Scotland and aged 16 years and over can, and should, make a Will. This ensures that your assets will be dealt with correctly and divided in the way that you would choose, and minimises upset and anxiety for your loved ones.
If you do not have a Will, there are rules which determine who should inherit your estate, which can mean that your assets are not divided in the way which you would choose. There is also usually additional expense involved when settling your estate if you have not left a Will.
There are many times when you should consider making a Will, or your existing Will should be reviewed, for example;
• when you marry, or decide to live with a partner
• when you have children
• when you separate or divorce
• when you buy a home
• when you are considering retirement or making pension provision
We can advise you on all aspects of Wills, Trusts & Estate Planning, including;
• mitigation of inheritance tax
• consideration of future care home costs
• the effect of Legal Rights in Scotland
• Trust provision for young children
• Trust provision for an older family member who is unable to deal with their own affairs
• Trust provision for the protection of assets – for example, in second marriages when you wish your own assets to pass ultimately to your children, or for business assets where there may be succession issues in the next generation
Contacts:
