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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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The Lasting Power of Attorney Bill: What it means for English Powers of Attorney

Adam Swayne

A Power of Attorney allows you to make provision in advance for the possibility of you becoming incapable of managing your own financial and welfare affairs during your lifetime. This becomes increasingly important as the risk of supervening mental incapacity grows through longevity, illness, or accident.

The standard form of Power of Attorney in England and Wales is the Lasting Power of Attorney (LPA). These forms can either be to cover Property and Financial Affairs, or Health and Care Affairs. In practice, these forms can be very difficult to complete as they must be signed and dated in a very specific order and the smallest mistake will result in the application for registration being rejected. It is widely accepted that the procedure can be confusing, inflexible, and bureaucratic.

Since the introduction of LPAs in 2007, the world has changed with the growth of technology and people’s expectations have changed with it. The Government has decided to reform the process of making and registering LPAs in England and Wales to make it safer, easier, and more sustainable.

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2280 Hits

What happens if you do not have a Power of Attorney?

Adam Swayne

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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  2227 Hits
2227 Hits

International Day of Charity 2022 - Why leave to charity in your Will?

Adam Swayne

You don’t have to be a philanthropist to leave money to charity in your Will. Every charitable donation counts, no matter how small. Most UK charities promote gifting through Wills. This year sees International Day of Charity take place on 5 September 2022, which presents an ideal opportunity to consider including a charitable donation in your Will.

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  1987 Hits
1987 Hits

Letters of Wishes: Explained

Adam Swayne

If you are concerned about how your assets may be distributed after you pass away, you may wish to consider preparing a Letter of Wishes. A Letter of Wishes plays a valuable role when you have left assets in trust for your loved ones and can help trustees to understand how you would like the trust to be managed. While trust deeds and Wills tend to be formal in nature, a Letter of Wishes is an opportunity to express more personal feelings and preferences. In this article, we look at what a Letter of Wishes is, when you may wish to use one, and what you may like to include. 

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  3493 Hits
3493 Hits

Duties of trustees in Scotland

adam swayne

If you have been appointed as a trustee, you may be concerned about your duties and obligations. Trustees are appointed to manage assets on behalf of the trust’s beneficiaries and, as a result, have certain fiduciary duties towards those who benefit from the trust. In this article we provide a brief overview of what trustees must do, the duties that they have, and how they can get advice and assistance in carrying out their obligations.

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  4438 Hits
4438 Hits
       
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