Macnairs + Wilson Solicitors Blog & News

According to newly released information from HMRC, the total take of IHT for 2022–2023 was £7.1 billion. This is a £1 billion increase above the previous high of £6.1 billion set the previous year, showing how profitable the tax has been for the Treasury.

Being an Executor of a loved one’s estate is an important role that comes with a huge amount of responsibility. It is important to be aware of what an Executor does and what will be expected of you before you undertake to fulfil this role. 

Estate planning allows you to get ahead of your future and ensure all the appropriate documentation that divides your estate is in line with your wishes. Having a well-thought out plan will not only protect you should you lose mental capacity, but it will also support your family and causes close to your heart on your death.

Our most recent blog looked at the topic of intestacy rights for surviving spouses and civil partnerships which has been opened for public view in the latest consultation. The Scottish Government also asked whether current laws were up to date with Scotland’s typical family life and whether the rights of cohabitants and stepchildren are representative of Scotland today. We have set out a quick guide to your rights under current legislation.

The Scottish Government opened a consultation on the 17^th February, asking the public how the laws surrounding succession could be fairer and more representative of 21^st century Scotland. The consultation focuses on two key ideas – intestacy rules for surviving spouses/civil partners, and cohabitation rights.