It is a common misconception that estate planning is only relevant to those who are wealthy or retired.
In reality, almost everyone has an estate of some form and, no matter how substantial or modest, proper planning can reduce complications or ambiguities that can arise on death. Estate planning is often put off because people consider themselves too young, too busy, not suitably wealthy or not well enough informed. We will guide you through the process whatever stage you are at.
Services Provided by our Tax and Succession Team
Turcan Connell's Wills, Estate Planning and Succession practice is the largest in Scotland and can provide expert advice on all related aspects, including:
- Will writing and powers of attorney in Scotland
- Estate and succession planning
- Setting up a trust and the ongoing administration of trusts
- Inheritance tax and capital gains tax mitigation
- Digital and Cultural Assets
- Contesting a Will or Legal Rights in Scotland
The Tax and Succession team at Turcan Connell is ranked in Band 1 by Chambers & Partners for Private Wealth Law and in Tier 1 of Legal 500’s Personal Tax, Trusts and Executries and Contentious Trusts and Probate practice areas.
“Turcan Connell excels at advising high-net-worth individuals and trusts on the full spectrum of tax and succession work. This includes advising on charity law and the tax implications of restructuring family-owned groups of companies and landed estates, as well as the establishment of new partnership structures, intra-family gifting and trust restructurings. ”Legal 500, 2017
Making a Will in Scotland: Large Estates
While estate planning is important to everyone, those with large estates should be particularly vigilant to ensure that their assets are distributed according to their wishes in order to protect their wealth for future generations. Handing assets over to the next generation is usually driven by tax planning considerations but inherited wealth brings its own risks and anxieties. At Turcan Connell, our experience in will writing and estate planning means we are well placed to come up with pragmatic solutions for what are often complex situations.
We have a strong commitment to the role of the experienced family adviser providing both technical estate planning advice and a source of wise counsel.
In the case of individuals or families wishing more extensive advice on legal matters, we can draw on the skills of our, land and property, business law, family law and employment experts, to ensure your plans are properly integrated and fully considered.