Page 16 - ESPC_OCT_25

ESPC NEWS

Five key times to think about a Will

Our lawyers often get asked when the best age is to make a Will.
The answer is any age, but there are certainly key stages in
life when making (or updating) a Will should be front of mind.

Five of these stages relate to property or may be accompanied by a move
to a bigger or smaller home.

Buying a home Second marriage or family
Your home is likely to be your biggest Scotland’s laws don’t always reflect
asset, so you need to make clear who modern family life, so a well-made
you want to inherit it. A Will is Will may be important to provide for
especially important if you buy with former or current partners, children
ESPC team goes the extra mile for Rock Trust a partner or friend because they from previous relationships or
won’t have automatic rights to inherit. stepchildren.
The ESPC team set out to cover 500 miles in support of Rock Trust
– and ended up more than doubling the target! Relationship changes Retirement
Life events such as cohabitation, Stepping back from work is a
marriage, separation, or divorce are sensible time to do some planning
his September, ESPC colleagues laced up It wasn’t just about miles, though – it was about a prompt to consider (or re-consider) around your finances – including
trainers, hopped on bikes and even took making a difference. Thanks to the support who you want to benefit from your inheritance and tax planning.
Tto the water for the 500 Mile Challenge in of our generous member firm sponsors – various assets after your death.
aid of Rock Trust, our charity partner, working Gillespie Macandrew, Aberdein Considine, Other key stages when you should
to end youth homelessness in Scotland. VMH, Ralph Sayer and Paris Steele – the Having a child think about a Will could include setting
challenge also raised a brilliant sum towards up a business, changing its structure,
The challenge was simple: could the team Rock Trust’s vital work supporting young A Will is a way to look after your or any changes in inheritance rules. In
collectively cover 500 miles in just one week people affected by homelessness. children’s future – not just protecting
through walking, running, cycling or swimming? their financial interests but specifying all cases, your Will must be properly
Thanks to the efforts of more than 50 colleagues who would be their guardians if made under Scottish law to ensure the
across the business, the result was outstanding We are incredibly proud of the whole ESPC anything happened to you. outcomes you want.
– an incredible 1,100+ miles completed. team for not only reaching the target but
more than doubling it while raising funds for
such an important cause. It’s a great example Lynsey Kerr
The atmosphere throughout the week was Partner, Private Client Services
fantastic, with staff encouraging one another, of what can be achieved when we work
sharing progress, and finding fun ways to add to together. Through the 500 Mile Challenge lynseykerr@lindsays.co.uk
the total. From brisk morning walks to evening and a series of other fundraising events, we’ve 0131 656 5721
bike rides, the challenge created a real buzz in now raised an amazing £13,119 for Rock Trust
the business and gave everyone a chance to so far – and we’re already looking forward to
get involved. the next challenge!
lindsays.co.uk @lindsaysnews @lindsays
16 | espc.com espc.com | 17