Acting As a Financial (Continuing) Attorney in Scotland
You have been appointed as a continuing (financial) attorney and now require to use your powers. Any actions taken by you or decisions made by you should comply with the guiding principles of the Adults with Incapacity (Scotland) Act 2000 and you should look at the Codes of Practice for Attorneys in Scotland. Your duties: Good practice: When […]
‘Special Destinations’ – Not So Special?
Among the excitement of purchasing a property together, the question of how the ‘title’ to the property should be taken is often only given a quick thought. Very little time is spent on considering what it means to include or not to include a ‘special destination’ in the title and the consequences this may have […]
What Happens When a Will Is Lost?
When a Will is made, several decades may pass before it is required. In that time a number of events could take place which cause the original Will to be misplaced. Examples being the testator moving home and losing it or the solicitor who prepared it not storing it correctly. Unfortunately accidents do happen however […]
Gifting Property- Tax Implications
Gifting property is one way clients may wish to consider when looking at reducing the value of their estate for inheritance tax purposes. There are tax implications to consider and the rules vary according to each individual set of circumstances. If a property is given away or sold at less than market value taxes will […]
