News In Focus

15 April 2009

SLC unveils inheritance law shake up

The Scottish Law Commission (SLC) has unveiled its report to the Scottish Government with plans to modernise Scotland’s wills and inheritance system.

Professor Joseph Thomson, the lead commissioner on the Succession project said: "The aim is to simplify the law radically by providing rules which are easily understood and which at the same time reflect the nature of family structures in contemporary Scotland."

The report recommends that when a person dies without making a will, the deceased's surviving spouse or civil partner will inherit the whole estate up to the value of a threshold sum, after which the remainder of the estate will be shared equally with the deceased's issue.

The report proceeds on the basis that the threshold sum should be £300,000 but recognises that the precise sum is a political question for the Scottish Parliament. Where there is no surviving spouse or civil partner, the deceased's issue will inherit the whole estate.

If there is a will and the deceased's surviving spouse or civil partner is disinherited, the report recommends that they will be entitled to a legal share amounting to 25% of what they would have inherited if the deceased had died intestate. If children are disinherited, the report offers two possible scenarios. First, the children would be entitled to a legal share amounting to 25% of what they would have inherited if the deceased had died intestate.

Secondly, and more radically, dependent children should be entitled to a capital sum
calculated by reference to their maintenance needs: but otherwise a person would be free to leave his estate as he or she chose and his or her wishes could not be disturbed by claims from adult children. Which scheme should be adopted is again a political question for the Scottish Parliament.

The report recommends that cohabitants should be entitled to a percentage of what they would have received if they had been the deceased's spouse or civil partner. The appropriate percentage will be determined by the cohabitant's relationship with the deceased.

To read the Scottish Law Commission’s full Report on Succession, click here


Have your say






Your comment

Randall Walger

Wednesday April 15, 2009, 21:24

I don't see why I should have to leave money to children if they are living on their own as adults and don't even come to see me.

If they decide to cut me off I should have the right to cut them out of the will and leave it to others. It's my wife's and my money to do as we wish and not the government's to do with as they or the law wishes. I understand protecting young children but adults should take the results of how they treat their elders.

R Walger


Fran

Sunday May 31, 2009, 20:52

Well with ref to your recent post,..... I consider myself to be an independent woman in similar situation with my family. To my shame regret was not the ideal wife..I left my first husband and father to my two daughters...He was a good dad and took care of his family..I was in business and was an independent woman...I left my husband...buried myself in work.. became estranged from my two daughters following my remarrying. My second husband was very jealous and resented the relationship I had with them. ...I knew this and turned a blind eye..I loved him..more fool me...I allowed him to control the situation and what threads of a relationship I had with my girls disintegrated and I lost them both. Now I'm in a marriage which has turned out to be the one from hell and there's no going back. I have lost what once was the most important part of me and alienated the most precious part of myself...the 2 most precious parts which I had once loved and swore to safeguard and protect forever. Think twice my friend...and more ..before you throw something so dear to your heart...for you cannot replace what you have lost if you do something out of payback. My daughters are all grown up ...they have fulfilling lives..I am a grandma to children I have never held close.. laughed with... or played or ...been able to say ''I love you''...This life I have chosen gives me all the material things I once thought were important...nice home..car..lifestyle...and all the financial security I thought I would ever need...but the reality is...i have a house..not a home...I have nothing of meaning...and have lost all that once did have meaning...only I didn't realise it at the time..money, possessions are but transient my friend.....I wanted to be the best I could be...and I have failed....my children owe me nothing..I was the one who should have been there for them..and I let them down...I brought them into this world and from there it should have been unconditional..they walk this earth because of my selfishness...because of my needs they are here..I love them and they do not feel it..I am to blame...they are successful professionals in their own right...but most importantly they are parents who I hope will learn from my mistakes...because that is all the inheritance I can leave them....so please think twice my friend.


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