Changes announced in the 2024 Autumn Budget will bring significant restrictions to Inheritance Tax relief for farmers and landowners. These changes will affect the ability to pass family farms and businesses to the next generation, potentially increasing tax liabilities for those who don’t act before the changes take effect from April 2026. In this article, we show you how to prepare.
Many charities in Scotland have been established for decades, but over time, their Constitutions may become outdated. Charity reorganisation is a crucial step to ensure these charities can continue to fulfil their purposes efficiently in today’s evolving landscape.
Trusts can be a useful tool in planning for the future, but their rules and uses are complex and can often be misunderstood. In this insight, we set out the essentials.
While there has been much discussion surrounding Digital Assets, there is currently no statutory definition. Examples include emails, photos, social media accounts, online-only bank accounts (e.g. PayPal, Monzo etc.), cryptocurrency and music libraries. Similarly to other assets you own, Digital Assets can be passed to your chosen beneficiaries following your death.
A Living Will is a document used to record your wishes in relation to medical treatment that you may receive in the future if you ever are unable to make or communicate such decisions yourself.
The Trusts and Succession (Scotland) Act 2024 received Royal Assent on 30 January 2024. This is the first major review of Trust law in Scotland in over 100 years. Learn more about the changes and what these mean for you in this blog post.
A Power of Attorney is a legal document which appoints trusted individuals to make decisions in relation to your finances and personal welfare. It is one of the most important legal documents you can put in place and not just something to consider as you get older.
Preparing a Will can seem like a daunting task. In this blog post, we explain what a Will is, the importance of having a one in place and how to get started or implement any changes to your existing Will.