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Showing posts with the label Will writing

Wills & Executry FAQs

At Fergusson Law, our solicitors specialise in writing Wills and the administration of estates .  When someone you are close to dies, it can be a very stressful time especially if you have to deal with all the administration. We have created a webpage answering some of the questions about writing Wills, Executors and estate administration that we are frequently asked.   You can also view the Wills & Executry FAQs and our answers in this video.   

Write A Will From the Safety Of Your Own Home

Will Writing Services At Fergusson Law in Edinburgh, we believe every adult should write a Will .  This very important document means that should the worst happen, your final wishes will be granted as you expected.  Having a Will means that you can ensure your loved ones are protected after your death and they avoid unnecessary expense and stress at a very difficult time.    Should you die intestate (without a Will), your Estate, no matter how small or large, will be divided and passed on according to the laws of intestacy.  This may result in the people you wish to inherit not getting anything. For instance, a partner you live with may get less than an ex-spouse.    Coronavirus (COVID-19) Rules Currently, we cannot open our office as usual, due to the lockdown rules.  However, this does not mean we are closed for business.  It just means that we are working from home and can be contacted by email or telephone.  We can...

What Happens To Your Buy-To-Let Property When You Die?

DYING INTESTATE Do you have a Will? If you die without making a will , your estate may not be distributed in the way you would have intended, and it might cause real problems for your family. The issue is of particular concern to buy-to-let investors, who own flats and houses in addition to their family home. If you do not have a Will in Scotland , your estate is divided according to the rules of intestacy. FIRSTLY, IF THERE IS A SURVIVING SPOUSE THEY GET PRIOR RIGHTS. The family home (if they live there) up to a value of £473,000 Contents (if they live there) up to a value of £29,000 Cash - £50,000 if there are children, £89,000 if there are none. IF THERE ARE MOVEABLE ASSETS LEFT AFTER PRIOR RIGHTS, LEGAL RIGHTS APPLY These only apply to moveable assets – that is everything except houses, flats and land. Surviving spouse and children: spouse gets 1/3 rd  of moveable assets, children between them share 1/3 rd  of moveable assets. Final 1/3 of moveable a...

Why Everybody Should Write A Will

A Will Makes Your Family Legally Safe None of us likes to think about death, especially our own death or that of someone close to you, whether family or friend. However, having a Will in place if the worst does happen can help your immediate family immensely. Should you die intestate, that is without a Will, your estate will be distributed following the rules of your country's laws. For the majority of cases, your Estate will be passed onto your next of kin. Your Estate is made up of any assets owned by you minus any liabilities eg loans or debts to be paid. A person's Estate can amount to a few belongings such as jewellery and a little savings, or can be vast and include many assets such as property , land, shares, savings and cars. Dying Intestate in Scotland Without writing a Will can you be sure the correct people will receive your Estate? For instance, if you are living with a partner but are not married, they may not be entitled to your home without it being ...