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The Trusts and Succession (Scotland) Act 2024 introduces key changes to trust administration and intestate succession, including new trustee appointment/removal powers, enhanced trustee duties, and revised succession rules. Spouses/civil partners now rank higher in inheritance, and cohabitants have extended claim periods.

Trusts are a complex yet valuable tool for future planning, offering benefits in asset management, tax planning, and care planning. Expert guidance is essential to navigate their rules and suitability.

Digital assets, worth over £20 billion in the UK, require careful estate planning. Creating a digital asset inventory, using legacy platforms, and updating legal documents ensure smooth executor access.

Many Scottish charities may need to update outdated Constitutions to enhance efficiency and remain relevant. Charity reorganisation, including updating powers and purposes or transitioning to a different structure like SCIO, can streamline operations. Legal guidance ensures compliance with OSCR regulations.

A Power of Attorney is a legal document appointing trusted individuals to manage your finances and welfare if you're unable to do so. It's essential for proactive estate planning, preventing costly court processes, and ensuring your wishes are followed.

As business owners embrace sustainability, Environmental, Social, and Governance (ESG) considerations are becoming integral to commercial property transactions.

This article explores the benefits and considerations of creating a Living Will, a document outlining medical treatment preferences if you're unable to communicate. While not legally binding in Scotland, it guides healthcare decisions and eases the burden on family members.

Changes announced in the 2024 Autumn Budget will bring significant restrictions to Inheritance Tax relief for farmers and landowners. These changes will affect the ability to pass family farms and businesses...

The rise in renovation costs post-pandemic has cooled the trend of purchasing "doer-upper" properties, but innovative developers are emerging, successfully transforming neglected homes into valuable, modern spaces.

In our previous article, Inheritance Tax for Farmers: A Changing Landscape, we explored the significant changes to Agricultural Property Relief (APR) and Business Property Relief (BPR)...