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What is a Will?
What is a Will? Remember, though, that it is a temporary document and can be changed at any time. Why should I make a Will? When do I need to make a Will? Not only that, you will ensure that you leave behind no anxieties or difficulties about winding up your affairs. Why do some people not make Wills? Some think they have nothing to leave - if you own your own home you should make a Will but even if you don't own your own house you may have a little money, some furniture or jewellery or even some life insurance policies. It all adds up! When should I review my Will?
Does my spouse/registered Civil Partner have any inheritance right if I leave a Will? In Scotland, a spouse/Civil Partner cannot easily be disinherited. If you make a Will then you can limit your spouse or Civil Partner's claim to a share in your moveable property. If you make a Will you can leave your heritable estate to whoever you want. But note the survivorship exception to that general rule.
If you have made a Will, your spouse/Civil Partner still has the right to make a claim. This claim is to a share in your moveable estate only. The share amounts to 1/3rd of your moveable estate after debts, expenses, etc. are paid. Your spouse/Civil Partner cannot accept what is in your Will and make a claim. Your spouse/Civil Partner must choose to do one or the other. Under present Scots law, the fact that you are cohabiting with (living with) another person whilst still married does not affect your spouse's or Civil Partner's claims upon your Estate at your death. Can we make mirror Wills? Do my children have any inheritance rights if I leave a Will?
If not mentioned in a Will, children have the right to claim a share (they don't have to claim but, if under 16, a claim will likely be made for them) in your moveable estate only. Follow these tables to find out what your child is entitled to claim:-
Under present Scots law, the fact that you are cohabiting with (living with) another person does not affect your children's claims upon your Estate at your death. Can I cut a relative out of my Will? I am in a business partnership A Scottish partnership is a separate legal person and can own property. If you are 1) in a Scots partnership and 2) that partnership owns heritable property then, since a share of a partnership is moveable property that heritable property is treated as moveable for the purposes of inheritance. For example, a widowed farmer has a son and 2 daughters. He is in a farming partnership with his son - the partnership owns the farm. In his Will he leaves his share in the farm to his son. Unfortunately, the daughters claim their share in the partnership and the son has to sell up in order to pay them out. Had the farm not been part of the partnership assets, his daughters would have been unable to claim a share in it. For what children can claim where there is a Will see Children's legal rights.
My assets exceed the Inheritance tax limit (£300,000) It is payable at the rate of 40%. As with most tax matters it is often more complicated than that and there are ways to avoid this situation. It would be wise to see a Solicitor in order to discuss how to avoid the tax man getting his hands on your money!
I own assets outside Scotland If you have already made a Will abroad and we make no reference to it in this Will then it is quite possible that the foreign Will would be deemed to be superseded by this one and of no worth. To avoid this we can insert a clause to say that this Will only relates to the property you own in Scotland. Note. This area can be very complicated and very much outside the scope of a simple Will. There may also be taxation implications. Even if you make a Will now it is very much in your interests to see a lawyer with experience in this area. I wish to have a Solicitor/client relationship This is, for instance, to avoid the situation of a person, up to no good, having a Will prepared for someone else and forcing them to sign it. Or of a child preparing a Will for their aged and mentally impaired parent and thus cutting out his or her brothers and sisters. We would love to be able to offer a Solicitor's service but regrettably this is not proving to be possible over the Web. Do I need to visit a Solicitor to ratify my Will? I might be married by habit and repute It is not just a matter of time together, everyone must think you are actually married. It is beyond the scope of a website dealing with simple situations and simple Wills to help. If you think you are in this situation you need to see a Solicitor. Same sex relationships - can my Will be contested? Other relatives have no claim if you make a Will unless you were of unsound mind at the time you signed your Will. My affairs are complicated If you think you are in this situation you need to see a Solicitor. Can I leave something to my Executor
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