Over 70% of the UK adult population have no Will and should have one prepared now!
Of those who do, many will have the wrong type of Will and should have it checked immediately!
Follow this link to find out why you should have a Will
Use the links below to see the high quality services that Will Planning Solutions provide:
|
|
||
|
|
||
|
|
||
|
|
||
|
|
|
Everybody should make a Will to ensure that you choose what will happen to your estate when you die. If you don’t, you will die Intestate and the law will decide everything for you under the Administration of Estates Act 1925. Your Will is should be kept up to date to accommodate life changing events such as births, marriage, divorce or death of people named in your Will, address changes, protecting a legacy left to you or you may simply want to reflect new wishes.
► Do you want to ensure the best for your children under the age of 18 years?
Why chose Will Planning Solutions?
► In all but the simplest cases, making a Will without professional help can lead to problems!
You could use a solicitor or bank to write your Will, but…
► Banks and solicitors on average charge fees of 4% and 3.2% respectively for estate administration (Guardian Money Research 2006) and you can do much better with Will Planning Solutions.
Will Planning Solutions has the skill and experience to help you avoid future problems. Don’t be penny-wise and pound foolish and leave a right old mess behind for your family!
Your Will, your Way and Will Planning Solutions will do our best to make it easy for you.
You should seriously consider appointing a professional business trustee in your Will, to:
►► The rules governing what a qualifying asset is are very clear and prevent people from deliberately sheltering private assets in a business for Inheritance tax relief.
WITHOUT MAKING A WILL AND DICTATING WHO CAN DEAL WITH YOUR BUSINESS, IT IS LIKELY TO BE DAMAGED CONSIDERABLY UPON YOUR DEATH.
What is a Power of Attorney?
► Whatever property or assets are in your name will be frozen until someone is granted the power to act on your behalf, and this will include your interest in the family home.
► Find out what you can do to protect your assets above the ‘nil rate’ band.
► This means testing process by the Local Authority is effectively a 100% tax on everything over £13,000 (the current threshold).
You can do something about this with specially worded mirror Wills to remove at least half the home from assessment. You may be able protect your entire home, click here to find out how. Early planning is essential and Will Planning Solutions can do this for you.
All Jointly owned property (such as the family home) passes to the survivor regardless of anything written in your Will.
You can change this by a severance of tenancy deed to then own your home as Tenants in Common which places a share in each of your estates as a couple. On first death, the first share of the home is left in a 'life interest trust’ and the survivor is given the right to reside in the property for as long as they live. The eventual beneficiaries of the ‘life interest trust’ will only benefit after the survivor dies.
Often as is the case with married couples, they appoint each other as the first Executor/Trustee of their estate ensuring the surviving spouse has control over both shares of the property should he/she wish to move after their partner has died.
If you still have a mortgage or other loan on your property, the mortgagee or lender is notified of the deed, and the severance must be registered on the deeds through the local Land Registry Office.
It is clearly very important that the Will is correctly drawn up to ensure no problems are caused for the surviving partner, particularly with a matrimonial home.
Change the way you own your home to safeguard it later in life
Simplify your whole life-time Will Planning for a one-off fixed fee and benefit from:
► Updating your documents throughout life is vitally important too, and whatever changes are necessary we will handle this for you free of charge (subject to our standard terms and conditions).
Clients tell us it gives them great peace of mind.
This product is unique and is provided by another Legal Services Network member company.
Simplify everything right now, and transfer the majority of your assets into a trust and retain control.
This can be a very effective estate planning solution to implement (typically where your estate is less than the current nil rate band whether you are single/widow(er) or twice this amount of you are a couple that is either married or in a civil partnership).
When the Trust is established, just like in your Will, you pick the trustees and can “hire and fire” them allowing you to retain control. You appoint independent Trustees to manage the assets for you and a typically chose a family member as the ‘Protector’; this does get rather complicated which is why we would recommend a face to face meeting if this sounds of interest.
When you die, your own estate (what’s in your own name) can easily be managed by your family executors (at negligible cost), and the Trust can be wound up very cost effectively in a matter of days (by solicitors) and be distributed (to the beneficiaries) potentially avoiding expensive probate fees.
The Trust can also serve to protect the capital value of your assets for your chosen beneficiaries from Care Home fees unless it can be proved at the time it was set up that it was reasonably foreseeable that you would need long term care (usually within 6 months), thus establishing a deliberate deprivation of capital. If this is not the case, the Trust forms a protective wrapper around the assets to protect them from the Local Authority means testing process, given a clear period of six months.
A trust clause can be incorporated to suit your circumstances in either situation, where an inheritance is left to children or a dependent beneficiary and you can determine at what age they will benefit, typically between 18 and 25.
Discretionary trusts can be used to protect all of your beneficiary’s inheritance should they be in receipt of means tested benefits such as disability allowance, or if suffering from an addiction or other illness.
Make decisions about your future, in case of an accident or serious illness.
Give advance notice of your intentions to the medical profession if you are mortally ill and being kept alive by artificial means. You can express your preference for a painless, natural and dignified end.
This saves your family from making such a decision and is legally binding as long as the following conditions apply:
Relieve your loved-ones from the burdensome task and organise things yourself.
► You protect others from the uncertainty and potential financial burden.
N.B. Investing in a plan can also reduce the value of an estate when the estate value is used for the calculation of benefits, including care costs.
Keep your Will and other important documents safe.
Only an original correctly signed, dated and witnessed Will can be accepted by the Probate Registrar. It is critical that your Will and other documents such as deeds, insurance policies, share certificates etc. are available at the appropriate time.
Don't risk losing your Will or having it destroyed by fire, flood or loss to theft. Will Planning Solutions can store your Will and all other documents in our vaults for a small annual fee and provide you with copies to keep at home.
Remove some of the burden of dealing with the affairs of a loved one or a deceased friend.
If you need help now that someone close to you has passed away, WITH OR WITHOUT A WILL, we can offer a cost effective personal service throughout the country and Will Planning Solutions guarantee to:
► Provide full itemised accounts for all beneficiaries when the work is complete.
In short, the highest level of personal service at a difficult time. Don’t carry this burden on your shoulders. Will Planning Solutions' partners carry out this type of work every day of the year for our valued clients.
WE GUARANTEE A FIXED FEE unlike some competitors.
Will Planning Solutions is proud to be a member of the Institute of Professional Willwriters and complies with their Code of Conduct