Estate planning involves organising and managing an individual’s assets to ensure their distribution aligns with their wishes upon death. In Scotland, this process is crucial due to specific legal frameworks, such as ‘Legal Rights’, which ensure that spouses and children cannot be entirely disinherited from the movable estate.
Funding & Legal
Essential guidance on care funding, legal rights, estate planning, wills, trusts, and financial support for elderly care in Scotland.
A will is a crucial legal document that outlines an individual’s wishes concerning the distribution of their property and assets after their death. In Scotland, this document is of paramount importance due to specific Scottish laws like ‘Legal Rights’. This law ensures that a spouse or children cannot be fully disinherited. Thus, even when a will excludes them, they are still entitled to a portion of the deceased’s ‘movable’ estate. Therefore, a will in Scotland provides a legal framework for the management and allocation of an individual’s estate, ensuring a fair and intended distribution.
A life interest trust in Scotland, also known as a liferent trust, is a legal arrangement where assets are held in trust for the benefit of a person for their lifetime (known as the liferenter) and then pass to another person (the fiar) after the liferenter’s death.
1st Focus Homecare does not charge a setup fee or have any fees other than the one you are quoted. Several companies are providing private care services that are charging service users and seniors a “set up” fee of up to £350 just to organise their care package before they even start providing the service.
Scotland, like many other nations, is grappling with a pressing social care crisis. With an aging population and increasing demand for care services, the existing system is struggling to meet the needs of individuals who require assistance. This post aims to shed light on the social care crisis in Scotland, examining the challenges faced and proposing potential pathways to reform.