The 2018 Budget made an announcement regarding Inheritance Tax with commentators stating that plans to simplify the inheritance tax rules could be just around the corner.
However the well-publicised changes to Probate fees relate to England and Wales only, not Scotland.
November is Will Aid month and Macnabs is delighted to be taking part once again in this year’s annual Will Aid fundraising event where our lawyers are volunteering their time and waiving their fee for writing a basic Will. Macnabs has taken part in the annual Will Aid scheme for 7 years now and raised an impressive total of £37,561 to date, making them the 4th highest donating firm in the whole of Scotland.
Nobody likes to think about a time when they won't be able to make their own decisions, but it can help to be prepared. Incapacity can happen at any time and come completely out of the blue from a serious accident or stroke, to a long-term illness.
That is why it is so important that everyone has a Power of Attorney, as well as a Will, in place. A Power of Attorney is a legal document that allows someone to make decisions for you, or act on your behalf, if you’re no longer able to or if you no longer want to make your own decisions.