Potentially Exempt Transfers Potentially Exempt Transfers (or PETs) are gifts which are exempt from Inheritance Tax, the caveat is that the transfers had to have occurred 7 year or more …
In the event that someone dies, there are many arrangements and decisions that have to be made. This can be a daunting task, especially in the time of grief. This …
Under confirmation, you fill in Form C1. Essentially, this form fulfils the same role as Forms PA1 and IHT 205 in England, Northern Ireland and Wales. Form C1 establishes the …
In Scotland, the laws and procedures pertaining to probate are significantly different from the rest of the United Kingdom. In the case of a person’s death, all their assets including …
There are a number of key differences for a will made in Scotland, which need to be highlighted: Intestacy If you do not make a will in Scotland before you …
Compulsive hoarding is also sometimes referred to as the Hoard and Clutter Syndrome, or the Packrat Syndrome. Whatever name it is given, it is a debilitating illness that endangers the …
As each applicant’s circumstances vary, it is hard to predict the length of the process. However, as a rough guideline it can take six to nine months for assets that …
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Required Documentation when going to the Sheriff’s Clerk Office interview, you must bring the following documents: The death certificate of the deceased (not a copy); Full details of the estate; …
The executor appointed by the Will, has to take on a large responsibility in managing the deceased’s affairs. The executor has to take care of valuation, taxes, outstanding loans and …