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watersrule solicitors blog

Welcome to the watersrule solicitors blog. The blog contains general legal news updates and news from our firm. For expert legal advice on any matter please contact our solicitors (Stirling: 01786 235 235; Tillicoultry: 01259 753 330)

Less than Half of Adults in the U.S. have a Will

Recent research from the United States has found that only 42% of adults have estate planning documents such as a will or living trust in place. The percentage is even lower among those with children under age 18 (36%).

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1274 Hits

Lack of Inheritance Planning Causes Problems in China

According to a recent report by USA Today, only around 1% of senior citizens in China have written a will or conducted some other form of inheritance planning exercise, which is beginning to cause problems regarding the transfer of wealth.

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1143 Hits

Inheritances Deliver Biggest Benefit to the Wealthiest

New research from the Institute for Fiscal Studies (IFS) has found that younger generations are likely to inherit much more wealth than their predecessors did, both in absolute terms and relative to their other sources of wealth. However, within each generation, those who are already well off tend to inherit the most, and this has implications for inequality and social mobility.

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1070 Hits

Arts Council Reports on Acceptance in Lieu Scheme

The UK’s Acceptance In Lieu scheme has helped to secure a wide number of truly exceptional works of art into public collections in the last year, according to the Arts Council’s Annual Report.

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1146 Hits

Scottish Village Receives Bequest from Former PoW

A German man, who had been held as a Prisoner of War (PoW) in Scotland, has left a generous bequest to the Scottish village where he was detained, reports the BBC

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1182 Hits

Heir Uncovers Unexpected Inheritance

If you ever find yourself named as a beneficiary in a will, then normally the bequest that you receive is quite straightforward, such as a sum of money or a treasured memento. However, this is not always the case.

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160 Hits

Calls for Incentives to Encourage Earlier Transfer of Wealth

A new report has highlighted the extent of the pensions and savings gap in the UK, with many adults failing to save enough money to provide for a comfortable retirement.

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1721 Hits

Misunderstandings about Inheritance Tax Could Prove Costly

A recent survey has revealed a worrying lack of understanding of inheritance tax (IHT), which could leave many families suddenly facing an unexpected tax bill.

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1310 Hits

Study Gives Insight into Views on Inheritance

A recent study from Canada has given an interesting insight into the older generation’s views on spending all their money verses leaving an inheritance for their children.

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1284 Hits

Nation Acquires Another Painting through Acceptance in Lieu Scheme

A major full-length portrait by Sir Joshua Reynolds of the 5th Earl of Carlisle has been accepted in lieu of inheritance tax for the nation.

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1467 Hits
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“They were very thorough in their preparation, very realistic in their goals, worked to resolve issues and kept me very well informed.”

Michael, Tillicoultry