Making a will is one of the most important things you can do for the people you care about. Without one, your estate will be distributed according to Scottish intestacy rules — which may not reflect your wishes, and can leave loved ones in a difficult position at an already difficult time.
A well-drafted will gives you control. It lets you decide who benefits from your estate, appoint executors you trust, make provision for children or other dependants, and specify any particular gifts or bequests. It also makes life considerably simpler for whoever has to administer your affairs.
Inheritance tax planning is a related concern, particularly for those with more significant assets. Many estates in Scotland fall below the current threshold, but those that include property, investments, agricultural land, or business interests can face substantial liabilities. With careful planning, it's often possible to reduce or mitigate those liabilities within the law.
We can help with:
- Drafting and updating wills
- Advice on inheritance tax thresholds and reliefs, including Agricultural Property Relief and Business Property Relief
- Planning for blended families and more complex family situations
- Guardianship provisions for minor children
- Reviewing existing wills following a major life change
It's never too early to make a will. We'd also encourage anyone with an existing will to review it periodically — particularly after marriage, divorce, or the birth of a child.
To get started, get in touch and we'll arrange a time to discuss your circumstances.