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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)

Legal advice when setting up care for a loved one

As we get older, we are more likely to require assistance with our day to day life. If your loved one needs help with their care and well-being, obtaining legal advice can ensure you know what options are available. There are various legal documents that are designed to meet a person's wishes for later life, particularly a willliving will, and Power of Attorney. In this article, we look at some of the steps that can be taken when making care plans for a loved one.

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90 Hits

We are participating in 'Make a Will Month' - October 2019

Make a Will Month 2019 digital banner

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834 Hits

Scottish and Welsh charities are the fastest growing legacy market

New research has revealed that Scottish and Welsh charities outperformed other parts of the UK in terms of real terms legacy income growth in the last decade.

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853 Hits

Law Society calls for full review of 'problematic' cohabitation laws

Cohabitation laws in Scotland are in need of reform as they do not help grieving people or vulnerable individuals, according to a recent report by the Law Society of Scotland.

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775 Hits

Laws of intestacy could be changing in Scotland - but what is the current process?

The Scottish Government opened a consultation on the 17th February, asking the public how the laws surrounding succession could be fairer and more representative of 21st century Scotland. The consultation focuses on two key ideas – intestacy rules for surviving spouses/civil partners, and cohabitation rights.

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805 Hits

Warning Over Reliance on Inheritance Expectations

A new report into intergenerational wealth transfer has found that over 11 million people aged between 25-45 in the UK expect to receive some sort of inheritance from their parents or grandparents, with nearly half (5.1 million) of these expecting to inherit at least £50,000 in fixed assets or money. 

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837 Hits

Planning Ahead to Help Your Loved Ones

Dying Matters Week is taking place from 14th – 20th May this year, and to mark the occasion Royal London published new research that highlights the top five tasks people should carry out now to help their loved ones after they pass away. 

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895 Hits

Call for Evidence on Inheritance Tax

The Office of Tax Simplification (OTS) has published a call for evidence and an on-line survey to gather information about people’s experience and perceptions of Inheritance Tax.  

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859 Hits

More People Willing to Leave Charitable Legacies

People are increasingly willingly to leave part of their estate to a charitable cause close to their heart, according to new figures released by Remember A Charity. 

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990 Hits

Disinherited Partner to Receive Share of Estate

In an interesting case from Wales, a judge in Cardiff’s High Court has taken the unusual step of overturning a deceased man’s will to award property and some money to his long-term partner, reports the Daily Mail

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891 Hits

Research Reveals Substantial Inheritance Expectations

New research by Canada Life has found that as many as one in 25 people in the UK have inheritance expectations amounting to at least £1 million. For one in 50 people, these expectations exceed £5 million. 

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928 Hits

Lack of Awareness of Cohabiters’ Rights

New research has revealed a lack of awareness amongst cohabiting couples of what their legal rights would be should their partner pass away. 

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1003 Hits

Estate Planning and Digital Assets

People are increasingly living their lives online and the question of how someone’s digital assets and accounts should be handled after their death has become the subject of some debate. 

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980 Hits

Chancellor Requests Inheritance Tax Review

The Chancellor of the Exchequer, Philip Hammond, has apparently written to the Office of Tax Simplification (OTS) to request that it carry out a review of Inheritance Tax (IHT) in the UK. 

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1102 Hits

Charity Warns of Lack of Wills in UK

As many as 64% of adults in the UK are leaving their final wishes to chance by failing to prepare a will, Macmillan Cancer Support has warned. Worryingly, this includes 42% of people over the age of 55. 

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1118 Hits

Millennials to Receive Inheritance Boom

A new report from the Resolution Foundation has revealed millennials are in line to receive the largest and most wide-reaching ‘inheritance boom’ of any post-war generation. However, this won’t come in time to solve their home ownership and wealth inequality woes. 

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1018 Hits

Men Agree to Marry to Dodge Inheritance Tax

Two men in Ireland have announced that they intend to marry each other, even though they are both heterosexual, reports the BBC

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940 Hits

Inheritance Tax Projections Increase

The news that HMRC is projected to receive more inheritance tax (IHT) than initially forecast over the next five years should ring alarm bells for people with estates that are likely to be valued over the IHT threshold. IHT planning should now be a fundamental part of estate planning for everyone in this situation.  

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1081 Hits

The Impact of Technology on Will Making

The Law Commission for England and Wales recently conducted a public consultation exercise over reforms to the laws governing will writing in England and Wales.

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1057 Hits

Man Admits Faking Cousin’s Will

A 65-year-old man has appeared in court in Edinburgh after admitting he forged a relative’s signature on a fake will, reports the Evening News.

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1237 Hits

Court Accepts Text as Official Will

In an interesting will dispute case from Australia, Brisbane Supreme Court has ruled that an unsent text found on the mobile phone of a deceased man can be taken as his official will, reports the BBC.

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1493 Hits

Over-50s Prioritise Leaving an Inheritance over Personal Spending

New research has revealed that the over-50s are choosing to cut back on personal spending so they can build an inheritance pot for their loved ones. However, their children don’t share this view and would rather their parents spent their money on themselves during retirement instead of leaving it behind.

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1091 Hits

Survey Reveals Reluctance to Plan for the Future

New research by Royal London has revealed that around 70% of adults in Ireland do not have a will in place.

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1073 Hits

The Importance of Updating Your Will

Charity will campaign Will Aid has highlighted the importance of keeping your will up-to-date to reflect any changes in personal circumstances.

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986 Hits

People Reduce Inheritance Expectations

New research has revealed that working age adults in Britain are not banking on a substantial inheritance to secure their financial future.

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1064 Hits

Milestone Moments Prompt Will Writing

Only around half of UK adults have made a will, according to will writing campaign group Will Aid.

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1083 Hits

Consultation over Proposed Will-Writing Reforms

The Law Society of England and Wales has welcomed the launch of a public consultation exercise by the Law Commission over proposed reforms to the laws relating to will-writing.

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1215 Hits

Heirs to Prince’s Estate Named

Over a year after Prince’s untimely death, a judge in Minnesota has named the singer’s sister, Tyka Nelson, and his five half-siblings as heirs to his estate, reports the Independent.

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1376 Hits

Study Predicts Greater Demand for Inheritance Tax Advice

New research from Prudential has revealed that financial advisers are forecasting a sharp rise in demand for inheritance tax (IHT) advice.

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1168 Hits

Grandchild Born ‘Out of Wedlock’ Denied Inheritance

In a recent interesting case from Canada, a man has been told that he is not entitled to any inheritance from his grandmother’s estate because he was born ‘out of wedlock’, the Toronto Star reports.

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1089 Hits

Parents Support Early Inheritance Giving

New research into gifting behaviour has found that parents want to give away early inheritance gifts to help their children financially now rather than making them wait.

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1746 Hits

Estate Planning Discussions Help Families Prepare for the Future

Having an open conversation about estate planning is still proving difficult for many people, according to new research from Canada by BMO Financial Group.

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1084 Hits

Calls for VAT Exemption for Wills Containing Charitable Bequests

Charity consortium Remember A Charity has called on the UK Government to do more to encourage legacy giving by making the cost of writing a will containing a charitable bequest exempt from VAT.

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63 Hits

Charity Receives Unusual Legacy

The Charities Aid Foundation (CAF) has been left a book of rare autographs as part of a generous legacy. CAF works with more than 50,000 charities and helps 250,000 people give to good causes.

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1122 Hits

The Importance of Having a Living Will

A charity has launched a new campaign highlighting the importance of people officially recording their medical care and treatment wishes in case injury or illness leaves them unable to make these decisions for themselves in future.

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1092 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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1285 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

Judge Rejects Claims on Prince’s Estate

The ongoing saga of who will inherit Prince’s estate following the singer’s death earlier this year has taken a new turn, with a Judge apparently denying the claims of close to 30 hopeful beneficiaries, reports the Telegraph.

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1345 Hits

Over-50s Plot £50,000 Pension Giveaway

New research by Saga Investment Services has revealed that a growing number of over-50s are planning to hold back savings in their pension to pass on their wealth tax-efficiently.

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1546 Hits

Family Changes Trust Rules on Inheritance

A wealthy family has changed the inheritance rules linked to the estate that has been in the family for generations, to ensure that the same-sex partner of any gay descendants will be entitled to a life-interest in the property, reports the Daily Mail.

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1213 Hits

Irish Courts to Decide on Home-Made Will

A judge at the High Court in Ireland has been asked to decide whether the signing of a ‘home-made’ will had the effect of revoking previous wills, reports the Irish Independent.

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1233 Hits

Inheritance Plans Affected by Family Financial Support

New research has revealed that the proportion of new retirees who know they will be able to leave an inheritance to their loved ones has fallen to its lowest level in six years.

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1500 Hits

The Danger of Will Writing Services

A daughter has lost her stake in her father's home after she was deprived of her inheritance due to a botched will from a will-writing service.Ebenezer Aregbesola used Barclays' £90 will-writing service to create a will to hand down his inheritance to members of his family. His will instructed half of the London home to be given to his daughter,Tinuola Aregbesola, on his death.

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2162 Hits

More Estates Fall Over Inheritance Tax Threshold

An increasing number of estates are falling over the inheritance tax threshold as a result of large rises in property values, wealth adviser Towry has warned.

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1858 Hits

Supreme Court rules on wrongly signed will

The UK Supreme Court has recently given its judgment in an interesting English case that involved a legal challenge to the validity of a Will. The ruling allows the Will to be rectified, despite being wrongly signed.

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5524 Hits
Please note that watersrule solicitors ARE NOT registered to provide Legal Aid or other types of Legal Financial Assistance.

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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