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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....
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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