Coming of age for Gay Wills

writeawill Coming of age for Gay Wills

Labour will be remembered for the introduction of the Civil Rights Act 2004 which saw equality granted to all including Gay couples.

Gay couples have always made Wills for asset disbursements to the ones they love. However, what the Civil Rights Act did was to put Gay couples on an equal footing so when the recent Inheritance Tax law was introduced there was a financial reason to celebrate Gay marriage apart from the emotional one. So what changed? Well the IHT tax exempt level now transfers to the Gay spouse on death. Effectively doubling the benefit and keeping those valuable pink pounds away from the taxman.

Making a Will can also be the mechanism for recognising a previous life-style, perhaps an ex-wife, who you never fell out with but was not longer right for you. Wills are confidential documents and absolute discretion will be observed. This means that your new partner does not have to be informed any arrangements of your ex if that is what you want.

The Gay appreciation of art and style is often revered above that of heterosexuals. A Will allows for artefacts to be passed to a particular recipient unlike the crude laws of intestacy which do not recognise individuals beyond a set pattern.

Writing a Will should not be attempted without professional legal help from a Will Writer as a poorly written Will may be challenged in Court or indeed fail altogether. To ensure creditability check your firm is a Member of The Society of Will Writers.

Landlords Should Make A Will

Writing a Will is often associated with leaving sentimental objects to a doting nephews or nieces, however the buy-to-let boom in the Noughties witnessed a huge growth in would-be landlords including here in our city, London.

As a London Will Writer I always believe tangible assets help our customers realise the effectiveness of drafting a Will as the commodity is that much more apparent and visual.

Buy-to-lets do have tax implications. If the property is sold capital gains tax applies and if it is kept beyond death then there are likely to be Inheritance Tax implications for your Estate. This level of tax is often further exasperated in London due the typically higher property values. 

The asset itself is of course illiquid in the sense that it is not an investment that can be realised quickly. The house selling process typically takes a few months and this can create major complications when trying to dismantle an Estate evenly to next of kin through Probate. It is also a catch twenty-two as money might be needed immediately to meet the IHT bill yet a fire-sale will mean a reduction in the yield from the sale, enough to make the dearly departed turn in their grave.

A Will can simplify the process as the beneficiary can be identified. For professional landlords this could mean identifying certain properties go to their named children.

It is not always possible to have foresight as death can strike without prior warning. However, it may be worth considering gifting some of the portfolio to children. Lifetime gifts that happen seven years prior to death are usually exempt from inheritance tax.

We at Niche Wills in London, ensure that our Legal Consultants make Wills that take into account portfolios of all sizes and impart their advice on tax mitigation.

To find out more please contact us on:

Niche Wills, Will Writers in London
T: 020 7993 2044

W: www.nichewills.co.uk

Divorced? Then Make A Will!

As London Will Writers we get a clear insight into the unpredictability of people’s feelings towards one and other. For instance, we often sense a greater bond within Will makers that are Divorced than those in current relationships. Sure there are those that truly despise their ex’s and what never consider them when writing a Will, however on the flip side there are those who have seemingly become best of friends. We also witness the unbalanced marital- split where one party appears to have moved on to a much greater extent than the other.

 

Making a Will is empowering and adaptable to legislate for all of these scenarios. If you read on you will formulate your own views on how a writing a Will can reflect your own wishes.

 

Well why is a Will necessary? Many people draft a Will to avoid family squabbles and second guessing in the event of their death. For the families of divorcees this is more likely as there will often be greater magnitude of grey areas which could ultimately culminate into distasteful court proceedings and legal challenges.   

 

Why can it be so messy? Well divorcees are statistically more likely to divorce again. This could mean they have nurtured their own and indeed other siblings along the path of life. How can someone else determine the emotional and material importance you place on each and everyone of them? Logic might suggest that the true-bloodline is favoured but do you discount the other children you have helped raise? And, if so to what extent? The truth is only you can decide the answer to this question and the only place for legal reference is within a Will. A Will is clever for it can specify specific items like a piano to go to the most musical child, it also can divide monetary value by amount or percentage. A skilled Will Writer would be able to took through these and variety of other options to meet your needs when you write a Will.

 

A Will also is the most appropriate medium to specify your dying wishes, which may be to invite or exclude your ex-partner from the funeral. Suffice to say the request must be practical and contain a means of the Executors to contact them. Importantly for the Executors they can justify to sceptical relatives, and indeed the ex-partner, this is what you wanted.

 

You see Making a Will is not only a voice from beyond this world is also shouts what you always wanted to say but were either: too afraid; concerned what others might think; or simply never had the appropriate opportunity to say. If you are Divorced don’t think twice write a Will today as it not only benefits you but the loved ones you leave behind.

 

What is the next step, well Professional Will Writers specialise in making Wills and offer the most favourable terms when compared with traditional solicitors.

For more informtaion on our Will writing services please contact Niche Wills  on 020 7993 2077.

 

 

Will Writer in Ealing and London

Niche Wills offers professional Will writing Services in London and the South East. We have expert consultants covering Ealing, Acton, Southall, Hounslow and the rest of the Greater and West London area.

Our aim is to make the whole process as simple as possible by carefully reviewing your circumstances to ensure you have the highest degree of protection. Whether you are based in Hounslow, Osterley, Twickenham, Richmond or Ealing by calling Niche Wills we can arrange either a telephone interview or face-to-face visit to establish your requirements.

Once we are satisfied with all the information the instruction documentation will be passed to one of our Will Writers you will draft a Will with all the legal requirements. We will take in to account all your assets and will advise the best method to mitigate Inheritance Tax.

After your will documentation has been produced and issued you then will be given the opportunity to take advantage of our highly commended Storage Facilities. By storing your wills with Niche Wills you will retain full access to update them under our life time update promise.

Here at Niche we believe our customer experience to be second to none. There may be other Will Writers in London but providing excellent service is at the heart of our company and we are fully committed to training. This is demonstrated by the mandatory continual professional development courses our staff must undertake to guarantee they are up-to-date with the latest legislation and opportunities they present.

Please can we ask that you take a few minutes to add comments about us, wills or will writing in general as feedback will be printed and is always appreciated.

For more information of our Will Storage Services please click here, alternatively should you wish to speak to Niche Will Writers Services in Ealing or in any part of West London please contact us on T: 020 7993 2077.

Cheap Wills, you get what you pay for

Will writing is for everyone

Wills are not simply for rich people and no matter what your circumstances are , all people above a certain age needs to seek professional advice in regards to Making a Will and more importantly keep it up to date.

Being  London Will writers we deal with all types of clients from all walks of life. However there are Wills and there are Wills. Just ask yourself one question would you trust a will which was written for next to nothing? Try to stay away from marketing strap lines such as  “Cheap Wills” “5 minute wills”, “easy wills” “DIY Wills” and anything that makes drafting a will look simple as most of the time there are other factors involved with Making a Will such as Inheritance Tax and Trusts and protection for your family.

Do you trust yourself to write a will? Also what about storage updates and keeping the rest of the family informed? How about changes in laws?

Whatever you decided to do please seek professional advice as not doing so be costly in the long run.

Niche Wills have Local Will writers based around London and the M25 area who can assist you with drafting a will.

For More information please click here

London Will Writing Services

Local Will Writers

London is one of the largest and most vibrant cities in the world creating massive choice in all number of key sectors, including wills.

Historically the Will industry was dominated by solicitors, however recent years has seen a real defection away as many clients have experienced poor service and worst still solicitors ‘cherry-picking’ when to get involved. This is mainly down to the nature of a will process which falls into two distinct parts: the initial hand-holding, walking through the legal jargon and form filling; to the more profitable Probate side when the will proceeds are distributed. In order to fill this void , a new sector of local Will writing Specialists has been formed to ensure a client receives a start-to-finish service.

The Will Writing Specialists are often adaptable in terms of their availability and normally aim to serve the local community. Their overheads are normally substantially reduced due to the concentration and focus on wills whereas Solicitors can be distracted by big ticket legal cases.

How do you find local Will Writers? The reality is will writers can be researched fairly quickly on the internet or in yellow pages.

In your selection you should consider the will writers with maximum credentials as retirement and estate planning is very important and you must check their qualifications to ensure you are getting advice from reputable firms as you are future protecting yourself and your family. Ask about their training plans and association with leading industry bodies such as the Society of Will Writers or National Association of Will Writers.  Do not get caught by paying upfront fees and take confidence if the operation you select services more than one community, such as Niche Wills Head Office. Their main office is based in London with local Will Writers covering all within the M25 area including places such Hounslow, Kensington, Chelsea, Hammersmith, Knightsbridge, Croydon, Kingston, Tottenham and Watford.

Do not be afraid to ask the company to make more than one visit as it is important that you fully understand the whole will process and benefits. The companies based in London are likely to be more amenable in this respect.

In short, research is vital so take your take. Asking an important question now could avoid unnecessary expense and disappointment.

Tags: London Will WriterWill Writer Hounslow, Writing a will

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