Blog

Many of us find ourselves drawn to the exhilarating world of skiing and winter sports. While carving through the slopes, it's easy to get caught up in the thrill of the season, but it's equally important to consider the practicalities of safeguarding your interests, especially when it comes to legal matters. One often overlooked yet crucial aspect is having a Power of Attorney (PoA) in place. Contrary to common misconceptions, a Power of Attorney isn't just for older individuals – it's a vital document that can benefit people of all ages, ensuring peace of mind during your winter adventures.

Perth & Kinross, renowned for its picturesque landscapes and historical charm, has long been an attractive destination for those seeking a second home and according to the most recent figures, the Perth & Kinross region has 1160 second homes. However, the tranquil idyll will soon face a significant change as Perth & Kinross Council has recently approved plans to increase the council tax on second homes by a staggering 100%. This move, set to be introduced in April of this year, raises important questions for property owners and potential buyers alike.

Life is complicated with many people now having to consider second marriages, estranged children, potential future care costs, and vulnerable beneficiaries when it comes to planning their Will. For couples who own a property together, instead of leaving their share of the property to the surviving partner outright, a common theme today is to leave their respective shares of their property on death to a Liferent Trust for the surviving partner created under their Will. This means the surviving partner can continue living in the house for as long as they wish without actually owning it.

As the year draws to a close, we want to take a moment to extend our thanks to our clients and friends for your trust and support throughout 2023. Your confidence in Macnabs has been the cornerstone of our success, and we are truly thankful for the privilege of working with you. We would like to remind you of our opening hours throughout the festive period: