Some people have very strong ideas when it comes to the age of their ideal property with many seeming to prefer the look and character of older properties.  However, with so much development happening in Peeblesshire at the moment Ruth Montgomery looks at the potential benefits of buying a new build property over an existing house.

“the Money is in an account in my name, it is mine, he/she doesn’t have a claim”

If funds have been saved during the period of a marriage from income derived during the period of the marriage, usually those funds form part of the matrimonial funds which fall to be shared between the parties in a separation.  It is not sufficient to say that because one party saved all of the funds they are property retained by that spouse.

What is Will Aid?

Will Aid is an annual UK-wide Will making campaign involving nine leading charities, ActionAid, Age UK, British Red Cross, Christian Aid, NSPCC, Save the Children, Sightsavers, SCIAF (Scotland) and Trocaire (N. Ireland). We have raised over £13,000 to date for the campaign.

How does it work?

Throughout November we will waive our usual will writing fee. Instead, all we ask is for you to make a voluntary donation to Will Aid, which will be distributed amongst the nine worthy charities mentioned above. The suggested donations this year are £100 for a basic single Will and £180 for basic mirror Wills.

Separation is never easy. The stress generated by the process can push a couple even further apart than they are already. It can leave them feeling damaged by the process itself and unable to communicate with one another. Where children are involved, this can cause even greater problems for the whole family for many years to come.

Inheritance Tax is a tax payable on your estate when you die. People often assume that inheritance tax only applies to the very rich, but with rising house prices in Scotland this isn’t the case. If your estate is above £325,000, you could be liable for this tax.  Your estate can include your home, jewellery, savings, cars and even works of art. Inheritance tax planning is all about passing on your estate exactly as you intended – without HMRC taking too much.

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