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Showing posts with the label private client solicitor

Fixed Price Legal Services

Fergusson Law is delighted to offer a range of cost-effective fixed price legal services for our private client services. We appreciate that any legal issue can prove to be a stressful and expensive time and that clients prefer to have certainty on costs whenever possible. It is, therefore, our policy that you should always know in advance how much it will cost to carry out the work agreed. Our experienced solicitors understand that hiring a solicitor can be very stressful and often happens at the most stressful moments in life. Therefore, we always explain our costs and agree on a price before starting any work. We feel this can make the situation a little easier for our clients.

COVID-19 Update

The rules during COVID-19 Lockdown in Scotland are changing rapidly at the moment.  This is thankfully due to the way the pandemic has been handled.  We have been fortunate during Lockdown that although our office has been closed we have been able to work from home and continue to offer our clients legal services . It has meant some changes like being able to complete Wills by video conference but we have adapted like everyone else. As the Lockdown rules have relaxed we are still working from home but can now open our office for specific appointments such as to sign documents and provide Notary services . To ensure this meeting is safe for both our clients and solicitors we have added some extra safety measures (PPE). We have installed a protective screen in our meeting room so that you can keep a safe distance from the solicitor you are meeting at all times.  Please get in touch and we can discuss your requirements and explain how we can help you.  If...

Save Tax by Setting up a Trust

What is a Trust? Trusts are established to provide legal protection for the trustor’s assets, to make sure those assets are distributed according to the wishes of the trustor, and to save time, reduce paperwork and, in some cases, avoid or reduce inheritance taxes. Why should you set up a Trust? Setting up a trust can help to protect your assets and save tax at the same time. For example, you might want to give your grandchild a lump sum, but not want her to spend it on the wrong things. By putting the money in trust, you can be sure that your grandchild will benefit from the money. Your appointed Trustees will manage the funds so that they are spent in line with your wishes. You could also benefit from a tax saving. How do you set up a Trust? A private client solicitor can set up and administer a trust. They will provide expert legal advice on what needs to be done to protect your assets and reduce inheritance tax. If you die within 7 years of establishing a tru...

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 ...

What Does A Private Client Solicitor Do?

A private client solicitor acts on behalf of an individual on a wide range of legal matters such as wills, trusts and estate planning. Private Client Solicitor Services In Edinburgh, Fergusson Law offers a wide range of private client legal services for a fixed fee . These include: Writing Wills Trust Administration Estate Planning Estate Administration Power of Attorney Administration Inheritance Tax Advice Living Wills This short video highlights some of their services and how these services can help you and your family. A good private client solicitor can help you prepare legally for anything that life may throw at you. For instance, having a will, no matter how small your estate will help ensure the people you want to protect will be legally protected in the event of your death. A Will can ensure that if something happens to you, your house will be transferred to your partner and step-children rather than your next of kin who may be a sibling or parent.