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Updated by Fergusson Law on Sep 18, 2018
Headline for 8 Useful Solicitor Services to Protect your Family
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8 Useful Solicitor Services to Protect your Family

Using the services of a solicitor is not just for criminals. There are many services that a solicitor or lawyer offers that can help protect you and your family legally. Find out more in our list.

Source: https://www.fergussonlaw.com/

1

Making a Will in Scotland

Making a Will in Scotland

In Scotland, under Scots Law, everyone over the age of 12 can make a Will. We believe that everyone should make a Will even if it is the most basic type, naming one person who should inherit all their assets.

Without a Will the people who need your assets like your home or money the most may not inherit them. If your family and relationships are complex, a simple Will can ensure the people most important to you are looked after once you die.

At Fergusson Law in Edinburgh we offer a fixed fee service for making wills.

2

Buying or Selling your Home

Buying or Selling your Home

If you wish to buy or sell a home, you need to contract a conveyancing Solicitor. They will ensure that all the necessary paperwork is in place and that the funds are transferred.

3

Tax

Tax

.......in this world nothing can be said to be certain, except death and taxes.

However, if you speak to a Solicitor they can help you mitigate inheritance and capital gains taxes. What better way to help your family after you die.

4

Power of Attorney

Power of Attorney

If you have a Power of Attorney in place and circumstances arise whereby you are unable to act on your own behalf, your affairs can be dealt with in a simple manner with the minimum of formality, interruption and expense, by someone you trust. Choosing someone to be appointed as your Power of Attorney while you are fit and healthy, saves yourself and family pain at a later date.

5

Notary Public

Notary Public

A solicitor registered as a Notary Public can can provide certified copies of original documents.

Many legal documents, including documents for use in foreign jurisdictions, require execution before a Notary Public.

Executries

Fergusson Law’s Executry services will administer an Estate quickly and efficiently for a fixed fee.

Executry is the term in Scots Law that describes a deceased’s estate once it has been passed to the deceased’s representative (the executor) for distribution.

Anyone aged 18 or above can be the executor of your Will, however if you appoint a Solicitor it takes the pressure off close friends or family members during a time of grief. If there is anything that is not straightforward a Solicitor will have the knowledge and experience to sort it out.

7

Trusts

Trusts

The definition of a Trust in the legal sense is 'an arrangement whereby a person (a trustee) holds property as its nominal owner for the good of one or more beneficiaries.

In practice an example of a Trust is -
Setting up a trust can help to protect assets and save tax at the same time. For example, you might want to give your niece a lump sum, but do not want her to spend it on the wrong things. By putting the money in trust, you can be sure that your niece will benefit from the money, but 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.

Your local family solicitor is the ideal person to administer and maintain your Trust.

Bloodline Wills

What are Bloodline Wills and how can you ensure the right people inherit your estate? A Bloodline Trust maybe perfect if you wish to pass on some money to your grandchildren.