McEwan Fraser Legal can now assist you with the preparation of your Will, Power of Attorney, Guardianship Application, Trust, Inheritance Tax Planning and Executry Administration. With many people ignoring the importance of planning ahead, here are a few of the facts explained:
It is estimated that about 70% of the population do not have a Will. It is vital that you make a Will so that your estate can be distributed according to your wishes.
A Will can be a complex legal document and should be completed by professionals you can trust and in the manner you desire. In Scotland, if you die without having made a Will, any property or assets you hold at the time of your death would fall into the hands of intestate law where the Government will decide who the estate beneficiary becomes.
This may not be the person you would wish your assets and belongings to be passed to and the law does not always take an obvious course. A far longer process than necessary ensues and can even include court proceedings, creating more stress and anxiety for your relatives.
If you are living with someone (cohabiting) but not in a civil partnership or married to them, they will have no right to any part of your estate, and this could result in serious financial problems.