Why is will writing so important?

Why is will writing so important?

Why is will writing so important? Well, nothing is certain in life but death definitely is. Hence, it becomes all the more essential to determine how your hard earned money will be distributed among your loved ones. One of the most important documents that can certainly make this happen is your will. But the truth is that most of us do not make a will. The statistics show that from around 66 million people in UK, more than half of the population does not possess a valid will.  It’s because people tend to put on certain things on hold and will is one of them. So if you have a will, you might consider yourself a lucky one because will is crucial for controlling the distribution of your assets and estate. It depends entirely on you whether to take time to prepare for a will just die without having one.  But there is no sense in dying without a will because...
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Lost Trust Deed- What to do?

Lost Trust Deed- What to do?

Lost Trust Deed! What to do? A Trust deed is a legal arrangement that involves transferring of assets to the trustees.  Trust deed dictates the powers of trustees so that they can carry out their duties. With the help of trust deed, people can avoid bankruptcy and also it helps creditors to receive their payments. However, misplacement of trust deed is quite common in Scotland. Clients fail to understand the importance of the trust deed. They are not too familiar with the process that needs to be followed if your trust deed is lost. Just by adopting the terms and conditions of replacement deed without trying to find out the misplaced deed, or trying to find out the original terms of a trust deed is quite a difficult process. Stamp duty Just by making a submission of replacement deed to the state revenue office can result in the valuation of trust assets, and enforcement of full stamp duty at conveyance rate on the...
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CBILS- An initiative to help businesses deal with the impact of coronavirus

CBILS- An initiative to help businesses deal with the impact of coronavirus

CBILS- an initiative to help businesses deal with the impact of Corona virus There has been a lot going on due the corona virus.   Not only has it gripped the entire world, but has also impacted the businesses to a great extent.  The escalating corona virus pandemic has been putting enormous pressure on businesses, who are deeply concerned about the day to day cash flows and liquidity. In such a critical situation, it has become essential for businesses to look for a small business loan in UK to deal with the finance issues. So, the UK government has come up with a scheme- Corona virus Business Interruption Loan Scheme, commonly known as CBILS to help businesses who are facing the impact of this pandemic. Also, a business campaign has been launched to make businesses aware of the support available. All about Corona virus Business Interruption Loan Scheme The scheme has finally been launched in UK on 23 March 2020. The scheme has...
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