Will writing revenue is marginal so as you would expect the level and integrity of their online security is open to question. Realistically even the largest legal firms in the country will not have that sort of resource or infrastructure to provide adequate online data transfer protection.

The Identification of the testator is also a major issue. Most professional Will Writers will meet the customer face-to-face and ask for photo-ID. This is a process that is impossiblel on the internet so therefore the potential for impersonation fraud is a real prospect.

The quality of online Wills is also in question. Most Online Will applications travel a structured and narrow path of generic questions. Therefore they fail to offer intuitive advice as they attempt to race through the process in as few questions as possible. The result is a basic one or two page document that is impersonal and limited in its functionality or longevity. Trusts and IHT planning also tend not to feature which may result in unnecessary Estate taxation of 40%.

To conclude, always be careful of supplying sensitive information on the internet, particularly to unknown companies. Think carefully and get professional advice as a Will is your lasting legacy. Taking a cheap Online Will and saving £20 upfront could mean your Estate ends up with a 40% tax bill on your death. A Will is a legally binding document and the online Wills will act directly on your instructions without any sense checks.

For more information on our Will writing services please call us on 020 7993 2044

“I am not rich, I don’t need a Will or Trust, my children will look after everything once I am gone”

Failing to write a Will can be very costly, time consuming and evoke a heated family dispute.

As an Asian community we should be proud of wealth we have managed to accumulate as a collective in the London area. This can, in part, be attributed to the superb in-built work ethic we have inherited from our peers.  Without a doubt we are established as one of the most intelligent and affluent of all the minority groups in Britain and long may it continue.

For my part, I want to make sure this wealth that has been amassed is protected for the family base and not snatched by the tax man and unscrupulous in-laws who might live by our traditional ideals.  And, believe me when I say I encounter situations on a daily basis where just that has happened.

In fact, I would level a personal criticism against our community stating that: whilst we are excellent at  acquiring wealth, most notably in property, as a community we also have a tendency to self destruct and can fritter the benefits away even quicker than they have been amassed.  This lack of planning is guaranteed to seriously affect the amount of inheritance left to the next generation.

When we speak to our clients many are not aware of current Inheritance Tax rules and often assume that their children will be astute and capable of handing matters effectively when they are gone. The fact is the UK system is hard on tax, relentless and unforgiving, in words they want their pound of flesh.

If there is a lack of direction for the asset and the necessary trust surround the taxman will seize the opportunity to pounce as well un-respectful relatives. The latter is of extra important to our community as our family structure is often more elaborate than that of the indigenous English, for who the rules were originally designed. I therefore stress the importance of getting your requirements down in writing with the guidance of a professional Will Writer who understands the intricacies of our community and can speak in our own tongue.

These extra elements in the process will help you avoid the common pitfalls encountered in Asian estates and construct a robust Will to ensure your dying wishes play out as intended.

We are also part of Niche Advice which are Independent Financial Advisers regulated  by the Financial Services Authority for giving all types of Financial and Inheritance Tax advice.

If you would like to talk to us about drafting a will please contact us on 020 7993 2044 or alternatively complete the simple enquiry form on the top right hand side of this page.

Hardeep Phull is a Legal Consultant at Niche Wills and Niche Advice Limited.

Life never stops changing. There are countless twists and turns. Think about how your adult life has evolved?

It may have started with your first job, buying your first flat and going on lots of holidays. Then, co-habiting and getting married followed by children, pets and moving to a bigger home. Maybe: divorce or re-marriage. At some point retiring (if not lucky enough already): downsizing; looking after the grandchildren.

Along the way you may have acquired additional wealth, property, company benefits or taken out investments or life insurance. Your children might have become successful in their own right and would not be expecting an inheritance.

In fact, all of these events and more, should set off the mental-alarm bell to review your Will to see whether it should be updated. Furthermore, if you are an existing Niche Comprehensive Will Plan Member there is no real excuse as your first three updates are free.

To find out more on Writing a Will or getting an existing one updated call 020 7993 2044 0r alternatively complete the simple enquiry form on the top right hand side of this page.

Sunday is meant to be a day to relax. So why write your Will on a Sunday?

Well for starters you are more likely to be relaxed from the stresses and strains of your busy life.

Sunday is also a traditionally a family day and therefore it follows that Sunday is a good day to write your Will, as writing Will is all about your loved ones.

Also if you put a date in your diary to write your Will on a Sunday you are more likely to be together as a couple and less likely to encounter an alternative distraction – often fatal for Will writing – as it is the one thing you often look for a reason to put off.

Think to yourself I’m going to do something productive this Sunday and write my Will.

Took book a visit www.nichewills.co.uk and complete our FREE Will quote form or call T: 020 7993 2044.

Niche Wills | Wills In London | Wills In Middlesex | Wills In Surrey

The Will was needed for a close relative in hospital. The family had tried a number of Will Writers and Solicitors only to find that they were either shut on Sundays or unwilling to help.
Not only did the Will consultation take place but the Will was handed to them for witnessing that very same Sunday.

At Niche Wills in London we pride ourselves on the fact that we genuinely care and work around your needs. Whether that means: writing your Will on a Sunday; writing your Will in the evening when the kids have gone to bed; or your work lunch break we will fit around you.
What’s more we visit you to write your Will and give you a specific time slot for when we will arrive so you are not kept waiting.

Took book a visit www.nichewills.co.uk and complete our FREE Will quote form or call T: 020 7993 2044.

Niche Wills | Wills In London | Wills In Middlesex | Wills In Surrey

A Lasting Power of Attorney (LPA) is a written document in which you grant one or more persons the authority to make legally binding decisions on your welfare should you be no longer capable of making them yourself due to mental incapacity.

There are many reasons why people should write a Lasting Power of Attorney but we have selected just one: ‘dementia’ to encourage you to think carefully about protecting yourself and loved ones.

Facts regarding dementia in the UK, and yes, it can happen to any one of us

• There are currently 750,000 people with dementia in the UK.
• There are over 16,000 younger people with dementia in the UK.
• There will be over a million people with dementia by 2025.
• Two thirds of people with dementia are women.
• 64% of people living in care homes have a form of dementia.

Facts on alzheimers from http://www.alzheimers.org.uk

Keep Control

A Lasting Power of Attorney document is needed regardless if you are married or single. And, it is the most suitable way to protect your interests by officially enabling friends or family to make decisions if you are no longer able to do so. Decisions that you may take for granted such as: accessing your bank to pay bills; talking to mortgage or utility providers; maintaining investments; writing personal or business cheques; to name but a few. As you are probably aware institutions are unlikely to converse with anyone who is not an official account holder, even if you are married, so everyday life can become difficult very quickly.

As well as appointed someone to make decisions on your behalf you can state clear directions on what level of control they have. For instance, you may want them to only have access to a particular account, arrange a remortgage or refinance debt at the end of a promotional period, provide permission to discuss benefits with the council or grant authority to deal with doctors or care home staff. The list could be short or endless but the process would have a legal framework to ensure your wishes are adhered to.

Good News

The reassuring thing is once a Lasting Power of Attorney is in place it can last a lifetime so you are much better off writing one now at today’s prices.

The Office of Public Guardian currently charges a registration fee of £120 for each Lasting Power of Attorney document. This is separate from our charges.

The Niche Wills Lasting Power of Attorney Validation Service involves vetting all concerned, offering advice, drafting the appropriate clauses, completion of the paperwork and overseeing the application and registration process.

Richard Stokes
Niche Will writing London I Tel: 020 7993 2044 I www.nichewills.co.uk

Niche Professional Lasting Power of Attorney Services extends to all areas of Greater London including Surbiton which is one of Surrey’s leafy gems.

Surbiton is often associated with professionals who are well educated, worked hard and succeeded in life. As a citizen of the Surbiton area you may or may not have heard of a Lasting Power of Attorney? A Lasting Power of Attorney is an incredibly powerful document that may well benefit yourself and your parents.

As we reflect on another enjoyable Christmas in Surbiton when you met up with the family, as tradition dictates, did you come away from the celebrations with a tinge of sadness? Unfortunately time waits for no man and may be you witnessed for the first time deterioration in the mental health of your parents?

Did you also start to think what does this mean for me? You would not be alone in this thought, as many of the customers we meet in our Surbiton visits openly admit they need help with practicalities when such a sad event starts to happen.

A Lasting Power of Attorney has serves two main purposes: Property and Financial, and Health and Welfare. We cover the benefits of the Property and Financial Lasting Power of Attorney in this article.

It probably goes without saying your parents have amassed wealth throughout their life times. These assets may be held in married names or in single names, either way the financial institutions will not converse with you, even though you are a sibling, personally. The Lasting Power of Attorney document can change all this as your parents could legally delegate their authority to you. This will allow you to maintain their bills and investments on their behalf even if they cannot make decisions on their own anymore. The Lasting Power of Attorney allows you to talk directly to the providers and action requests.

In order to affect a Lasting Power of Attorney the donors, your parents, must have mental capacity at the time of writing and registering the Lasting Power of Attorney. So time may be of the essence? Do not miss this opportunity discuss the option with them today otherwise dealing with their affairs will become unnecessarily complex and time consuming.

To find more on how a Lasting Power of Attorney could benefit you and your family call now on T: 020 7993 2044 or simply complete our free quote form.

Niche Will Writers and Lasting Power of Attorneys Surbiton | Lasting Power of Attorneys in the Surbiton Area

Niche Professional Will writing Services extends to all areas of central London Including KT1 and the Kingston area which is one of London’s more prestigious postcodes.

New Year’s resolutions are apparently made to be broken but writing your Will shouldn’t be one of them. Once your Will is written it could last a live time which is more than can be said of the other New Year’s resolutions which can easily fritter out such as attending the gym.

By why write a Will in the first place? Well you probably recently demonstrated how much you care about your loved ones by venturing out in the relentless cold and queuing for presents. A Will shares similar caring traits. It is about putting your affairs in order so that your loved ones are looked after and not over burdened by the practicalities associated with death. And, unlike a present this appreciation of your loved ones will NOT be forgotten.

But I don’t own a lot and I’ll probably write a Will later in life when it warrants it! This is a popular and fraught misconception. Almost everyone would benefit from Writing a Will to protect themselves and their loved ones irrespective of their life stage. For instance, life insurance provides protection, and if you have been sensible you will have taken out a policy to cover your first mortgage. The house or flat you have purchased is unlikely to be your last and inevitably you will require a larger sum assured at the point of purchasing your new property. Same principle applies for Wills – the key is to be protected at all times to reflect your current position. Furthermore updating a Will is very affordable and regrettably no one can predict when you might die.

But it will be so much hassle! Our Legal Consultants will eradicate all the paperwork issues, answer any questions that you have, and explain all the terminology. Furthermore our Legal Consultants provide this Will service in the Kingston-Upon-Thames area and throughout Central London, in fact the Will service is available anywhere inside the M25.

Took book a visit please call T: 020 7993 2044 or simply complete our free quote form.

Power of Attorney – Property & Financial

Need someone to look after your finances but the institutions just won’t talk to them?

That’s right a Property and Financial Lasting Power of Attorney will give access rights to your savings accounts, investments, mortgages, bills and all your financial products.

Granting your advanced permission protects dependents should anything happen to you. It is particularly vital if you hold the family finances in your sole name or you plan to be out of the country for a while.

Power of Attorney – Health & Welfare

Control your own destiny by appointing your nearest relation or friend to take over your decision making should you be unable to do so yourself.

That’s right a Health and Welfare LPA allows you to decide who can make all your welfare decisions for you should you become mentally unable.

Make an appointment of an attorney today of someone that appreciates your thoughts and values rather than leave it to a stranger to decide.

Enduring Power of Attorney

An Enduring Power of Attorney is widely viewed as less flexible and less secure than its replacement product Lasting Power of Attorney. We now only offer Lasting Power of Attorney services.

Ordinary Power of Attorney

Ordinary Power of Attorney (also known as General Power of Attorney in Scotland). Please note this product is not offered by us.

Making a Will in London and the M25 area.

Well done you have taken the first important step in Making a Will.

A Will puts you in control of you’re the major finance and welfare decisions that will affect your family when you pass away.

That’s right the Will allows you to channel the distribution of your assets to who you want in a tax efficient way. It could also specify the preferred guardianship for your children and to state your dying wishes.

Without a Will the Government will apply blanket rules which are unlikely to suit.

So don’t delay call us now to see how you can get your family fully protected.

For more information on Making a Will please call us on 020 7993 2044.

 

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