Page 25 - ESPC Premier Living AW19
P. 25

lindsays



            Good housekeeping means making a Will


            Having a Will can help           That’s because Scotland has rigid laws  •   With no Will, your estate could
                                                                                 face legal disputes and additional
                                             about who inherits property when
            to safeguard your home           someone dies intestate (ie, without a   fees – adding to the pain of
            and your loved ones if           Will), and these may not suit your own   bereavement.
                                             situation.
            disaster strikes                                                  In contrast, a Will can provide
                                             For example,                     protection and certainty, and ensure
            We don’t want to rain on your parade   •   Spouses and civil partners inherit   your loved ones are looked after.
                                                 the matrimonial home in most
                                                                              And what if you already have a Will?
            if you’re buying a property, but you do   cases, but cohabitees don’t have
            need to think about a few unwelcome   an automatic right to inherit. So   Buying a property is certainly a time to
                                                                              review it, especially if it coincides with
            scenarios – beyond bills and bad     your partner may not be able to   the start or end of a relationship.
            neighbours.
                                                 stay in the property
            One of these scenarios is what would   •   A surviving spouse’s right to
            happen if you died.
                                                 inherit may be problematic if
                                                 you have a blended family or
            The risks of having no Will          are starting a new relationship.
            If this happens and you don’t have a   Your children or new partner
            Will, the consequences for your loved   could miss out on an inheritance
            ones could be difficult, to say the least.    you wanted them to have

                                                                              Lynsey Kerr | Partner
                                                                              Private Client services

            lindsays.co.uk                                                    lynseykerr@lindsays.co.uk
                                                                              0131 229 1212



                                                                                                   ESPC Premier Living 25
   20   21   22   23   24   25   26   27   28   29   30