Taking on the role of an Executor carries with it a great deal of responsibility. An Executor has the legal authority to administer an estate and is ultimately responsible for any mistakes made. They can be held personally financially liable for any breaches of duty. As a result it is imperative that the Executor does everything in his power to ensure that they include all assets in the inventory of the estate and that they settle all liabilities of the Estate in full.
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In Scotland, generally Wills are to be interpreted intrinsically – or within the four corners of the document. The question is what the document actually says, which may well be different from what any potential beneficiaries would like it to say. Any extrinsic evidence will not, as a general rule, be permitted when it comes to determining the intention of the testator.
The Office of the Public Guardian in England and Wales (OPG) has launched an online service for attorneys acting under a Lasting Power of Attorney. The service will enable attorneys to prove their status to banks and other organisations. There is currently no online system for attorneys in Scotland and there do not appear to be any plans to put this in place at the moment.
We've spent long enough indoors; let's get out to play. We're lucky we have so many things to see and do on our doorstep, we're spoiled for choice, so here's a few of our fav walks, parks and activities to inspire you this Summer.
It is estimated that by the end of this year the global pandemic will have cost the government over £300 billion, leaving a significant hole in the Westminster purse. It is to be expected therefore that the hole will need a plug of some sort and it is likely that this will be in the form of changes to the country's tax legislation.