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Murray Beith Murray LLP is a leading Scottish private client law firm.

For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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Are your loved ones relying on inheritance?

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It is no secret that, today, parents tend to be wealthier than their children. Wealth built up during a lifetime of work leading to defined benefits pensions and a strong savings mentality combined with home ownership in a market that has seen ever-increasing values means many of today’s pensioners are reasonably well heeled. That leads to an expectation by the younger generation of a windfall through inheritance when a parent passes away. But how and why are your loved ones relying on inheritance?

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With effect from 1 Oct 2022, the law surrounding short term lets in Scotland is changing. As from that date, subject to limited exceptions, all property let out as short term accommodation requires to be licensed by the local authority in whose area it is located.

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Many people go through life without putting a Power of Attorney in place. If you are fortunate to be in a position where you may never require someone to make decisions on your behalf when you become unable to, this may not be a concern. However, if you find yourself in a situation where you can no longer look after your own affairs, the lack of a Power of Attorney can become time consuming and expensive.

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The Register of Persons Holding a Controlled Interest in Land (“RCI”) became operational on 1 April 2022, introducing new reporting requirements for many landowners and tenants in Scotland. The RCI looks beyond land ownership and aims to increase transparency by containing information about those who have a “controlled interest” in the land and make day-to-day decisions about it.. With financial penalties being imposed from 1 April 2023 for failure to comply, this article sums up what you need to know about the RCI.

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How can I prevent misuse of a Power of Attorney?

andrew

When you grant a Power of Attorney, the aim is to appoint an attorney you can trust. You expect your attorney will make the kind of decisions you would make but no longer can. In life, however, things do not always turn out as planned and, on occasions, it can be difficult to prevent misuse of a Power of Attorney.

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