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Ask JGM Your Own Question
JGM
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11288
Experience:  30 years as a practising solicitor.
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In Scottish Law is there a time limit of 2 years to settle

Customer Question

In Scottish Law is there a time limit of 2 years to settle the will or can it go on for years? I hope you can help me as much as you have in the past.Nancy Wagner
Submitted: 1 year ago.
Category: Scots Law
Expert:  JGM replied 1 year ago.

There is no time limit to settle the will. However, there is a person of two years whereby any agreed variation of the will by the beneficiaries has to be agreed so as to be binding on HMRC for inheritance tax purposes. That might be what you are thinking about. Happy to discuss further.

Customer: replied 1 year ago.
Sorry, I do not understand about a "person" of two years etc.........
Please explain. I hope there will not be a further charge. nancy
Customer: replied 1 year ago.
Have you responded to my request "there is a person" of two years etc...... Is this a typing error and should read "period"?
Nancy
Expert:  JGM replied 1 year ago.

Yes, sorry that should read a period of two years.