Posts Categorized: Wills and Estate Planning
Lanarkshire woman leaves many generous bequests
A former head teacher has left a number of generous bequests to her neighbours in Motherwell, reports the Daily Record. Dorothy Fairlie died last November at the age of 92 and left an estate worth around £1.6 million. She never married, and apparently built up her estate through inheritances and the income she earned working… Read more »
Write your will, support a charity: Gebbie & Wilson participates in Will Aid
At Gebbie & Wilson, we’re proud to participate in the Will Aid scheme. Will Aid encourages lawyers and solicitors to provide will writing services in return for a donation to Will Aid, which supports nine charities. 2013 is Will Aid’s 25th year and, in that time, over £13 million has been raised for the vital work of… Read more »
Attitudes to wealth and inheritance
A recent study of America’s wealthy by private bank U.S. Trust has found that generational gaps in attitudes about leaving an inheritance have narrowed, and that work ethic and the transfer of financial skills and knowledge have the greatest influence on the next generation. The survey found that only one-quarter of all survey respondents attribute… Read more »
Lack of an estate plan can cause family strife
Residents of Canada are being urged to move beyond traditional estate planning, which typically focuses on estate administration, tax considerations and having the proper legal documents in place, and instead to consider enhanced estate planning to address the emotional impact on those left behind and alleviate family strife. According to a new report from the… Read more »
Less importance given to leaving an inheritance
A quarter of over-75s (25%) – and more than a fifth of over-55s in total (21%) – have given a cash loan to family members instead of leaving an inheritance, according to Aviva’s latest Real Retirement Report. The findings also show nearly one in ten over-55s regularly give money to family to avoid inheritance tax… Read more »