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Posted by on in Wills

A woman from Glasgow has surprised her friends and family by leaving an estate worth over £1 million in her will, reports the Scotsman.

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Posted by on in Wills

A recent report has highlighted the importance of effective inheritance planning to ensure the smooth transfer of wealth to beneficiaries, particularly for people whose estates will be valued over the £325,000 inheritance tax threshold.

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Posted by on in Wills

A bequest that has been left dormant for around 12 years is finally able to be used again by the residents of Forres, reports the Forres Gazette.

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Posted by on in Wills
An Edinburgh businessman has bequeathed the majority of his £4 million estate to his former school, according to The Scotsman newspaper.

John Martin, who was unmarried and died in December 2013, aged 84, left the residue or remainder of his estate, after specific bequests had been paid, to George Watson’s College, the school he had attended as a child.

The legacy will, says The Scotsman, benefit the school’s George Watson’s Family Foundation, a scholarship fund to help children whose families could not otherwise afford for them to attend the school.

The George Watson’s Family Foundation was apparently set up in 1997 and its aim is to continue the work and aims of the school’s founder, George Watson.

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The Prime Minister, David Cameron, has spoken of his ambition to raise the inheritance tax threshold and lift many more families out of paying inheritance tax altogether, reports the BBC.

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