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.
Acting as an executor can be challenging. There are many things an executor needs to do in order to properly wind up an estate, with many duties and obligations with which they must comply. As a result, many people choose to appoint or instruct a solicitor to assist them with the administration of a loved one’s estate. In this article, we answer some of the questions you may have about working with a solicitor to wind up the estate of a loved one.
Dealing with the estate of a loved one is never easy, and many people wish to understand how long the process might take. However, it can be difficult to put a timescale on what is a very complicated process - unique to each individual. Our years of experience mean we can advise our clients as to how they might make the process of winding up an estate more straightforward. In this article, we look at some of the key factors affecting executry timescales and provide practical advice.
It can be difficult to think of a time when you are no longer around, but it is essential that you prepare your loved ones as part of the estate planning process. Raising your wishes with your family and friends can make it much easier for them when the time comes and can allow you to feel confident that your affairs are settled. In this article, we look at why you need to talk about these uncomfortable topics and how to make sure it is as straightforward as it can be.
People who do not have a partner or any children can sometimes feel like the estate planning process is unnecessary. With no dependents, they may think that they do not need to worry about leaving provision for a time when they are no longer around.
You may have heard the term ‘Bond of Caution’ and have concerns about whether you might need one to wind up the estate of a loved one. When a person passes away, executors do not automatically have the authority to distribute the assets in an estate. Instead, they must obtain Confirmation (known as Probate in many other countries) first. In certain circumstances, a Bond of Caution may be required for the Sheriff Court to grant Confirmation. In this article, we take a look at what a Bond of Caution is, what it does and when it may be necessary.
