How to Settle an Estate in Scotland – A Practical Guide – Second Edition

We are proud to present this revised second edition of How to Settle an Estate in Scotland – A Practical Guide, a comprehensive resource for general practitioners and trainee solicitors navigating the complexities of administering an estate in Scotland. This edition includes significant updates to ensure that it remains an essential, up-to-date guide for professionals in the field. Whether you’re a returning reader or new to the book, the updated version offers enhanced content, including the revised Confirmation application forms, Trusts and Succession (Scotland) Act 2024 and commentary on changes to taxation following the 2024 Autumn budget. The book’s practical insights and strategic advice continue to make it a must-have for those looking to offer an Executry practice in Scotland. What’s New in This Edition? Updated Worked Examples: for completing Confirmation applications, calculating Inheritance Tax and varying estates. Expanded Tools and Resources: New practical resources have been added to help readers navigate applying for Confirmation and calculating, reporting and paying Inheritance Tax, Income Tax and Capital Gains Tax more effectively. Updated case law and statute as it affects the administration of estates in Scotland including the Trust and Succession (Scotland) Act 2024. Sample Accounts: covering Statements of Receipts and Payments, Accounts of Charge and Discharge and Schedular Accounts. ABOUT THE AUTHOR Stephanie Christie-Carmichael is a highly experienced private client solicitor and notary public, specialising in estate administration, Wills, incapacity law, trusts, succession, and Inheritance Tax planning for high net worth and ultra-high net worth individuals across the UK. With over 20 years of experience, she has built a client following offering tailored legal services to a diverse range of clients. In addition to her private client practice, Stephanie frequently receives referrals from other law firms for complex estate administration matters. Stephanie is also a regular contributor to Quality FM’s “Legal Matters” program and is the author of A Practical Guide to Administering Estates and Obtaining Probate in England & Wales (Law Brief Publishing). CONTENTS Chapter 1. Preliminary Matters Chapter 2. Intestate Estates Chapter 3. Testate Estates Chapter 4. Starting the Administration of the Estate Chapter 5. Initial Investigations Chapter 6. Assets in Trust Chapter 7. Applying for Confirmation Chapter 8: Payment of Inheritance Tax Chapter 9. Ingathering Assets Chapter 10. Distribution, Accounts & Discharge Chapter 11. Legal Rights Chapter 12. Cohabiting Partners Chapter 13. Divorce and Death Chapter 14. Problem Executors & Beneficiaries Chapter 15. Varying the Terms of an Estate Chapter 16. Inheritance Tax Chapter 17. Income Tax Chapter 18. Capital Gains Tax Chapter 19. Business Development Opportunities Chapter 20. Useful Addresses and Contact Details Chapter 21. Further Reading Appendix One. Statement of Receipts and Payments Appendix Two. Account of Charge and Discharge Appendix Three. Full Estate Accounts