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.
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.
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.
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.
The new Trusts and Succession (Scotland) Bill was introduced in the Scottish Parliament in November 2022 and proposed a number of reforms to Scottish Succession Law and the management of Trusts in Scotland.
Before you can ingather the property, assets and money in an estate in Scotland, you need to obtain Confirmation from the Sheriff Court. Confirmation in Scotland is the equivalent of Probate in England.
