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Beware Of Online Will Services

February 8, 2010 By 4 Comments

writeawill Beware Of Online Will Services

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

writing a will Beware Of Online Will Services

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Write a Will – New Year’s Resolution

January 10, 2011 By Leave a Comment

Make a Will before another year slips by

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.

Filed Under: Estate Planning, Internet Wills, London Will Writer, Making a Will, Surrey Wills, Writing a will Tagged With: , , , , , , , , ,

Will Writers in Hounslow

April 22, 2010 By Leave a Comment

Niche Professional Will writing Services extends to all areas of central London Including TW postcodes and Hounslow area which is one of Greater London’s popular spots.

The population of Hounslow boasts nearly 100,000 people in employment which is tribute to their get up and go in these economically challenging times. Of course, any income that is earned needs to be protected for use in live or for your generations to come. The general rule for Will writing or Estate Planning is the sooner you start to plan the better and more structured the outcome.

Hounslow has over 43,000 young people at school age or below. With nearly 70% of the adult UK population failing to write a Will this means the potential exposure to unwanted guardianship should the parents die is alarming. With a Will this problem could be resolved immediately and would be yours, your childs and the guardians choice rather than an obligation hoisted on them by the Courts or Social Services.   

As an area Christianity is the most prominent in Hounslow, and interestingly Hinduism, Muslim and Sikhism are all approximately the same level.  A Will can record the wishes for a religious funeral of choice down to the hymns, prayers, readings and service. There is no other place for such detail to be noted.

Hounslow also has just over 50,000 owner occupied residents and people who drive to work by car. Such assets are typical of the type our London Wills disburse as they are the bedrock of most people’s lives.

In fact, to conclude if you are a resident of Hounslow you would almost certainty benefit from a Will or indeed reviewing your Will.

Niche Will Writers can visit all TW residents in the comfort of their homes.  To reserve your place call T: 020 7993 2044 or simply complete our free quote form.

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3 Essentials When Your Child Is Born

April 10, 2010 By Leave a Comment

You’ve had the bag packed weeks in advance. The bedroom in your London apartment is decorated in yellow as you haven’t found out the sex. You think you are prepared for parenthood but that is just the beginning!

As Will Writers and Insurance Advisers the birth is the where the planning needs to start, and start immediately.

There are 3 essentials that need to be arranged before you sit back in the armchair and start to knit:

Make a Will
Arrange financial protection
Utilise the Government gift to open a Child trust Fund

Make a Will

Making a Will is important as it gives a clear indication on your preferred guardians. Perhaps it’s hard to imagine as you have just witnessed the wonder of life but as parents regrettably we are not immortal. The sad fact is parents can die together or in close proximately.

So how does drafting a Will help? Well it enables you to specify your child’s preferred guardians. Also as you write a Will in your life time you have the opportunity to discuss who would be the best choice. So start the debate straight away and record the conclusion in the most appropriate place which is a Will. Do not leave your child unprotected as without a Will your children will probably find themselves in Social Services until the Courts decide.

Arrange financial protection

Why is life insurance important for young families? Well it basically will replace the income lost by the death of a breadwinner. To ensure you surviving spouse and the children will enjoy their comfortable lives in the same way they would have expected.

Ask your Will Writer if they are qualified to give this advice, the best always are and invariably they will research the insurance market for you free of charge.

Utilise the Government gift to open a Child trust Fund

The Government makes a payment to every child, with a further payment in year seven. Use this money to set up a child trust fund that can grow free of savings tax. Parents can also contribute an annual sum without tax implications as well. It is very rare for the Government to provide money so take it and use it wisely.

Niche Advice in London
London Will Writers | London Insurance
E: infonicheadvice.co.uk
www.nicheadvice.co.uk
www.nichewills,co.uk

writeawill 3 Essentials When Your Child Is Born

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Free Legal Consultation

February 15, 2010 By Leave a Comment

Why would you attempt to write a Will on your own? When you consider booking a holiday or taking out a mortgage most people will use an agent or broker for advice.

And, unlike two weeks away or a two year fixed rate where doing it yourself might prove to be a short term disappointment, drafting a Will is your final say for eternity.

At Niche Wills in London we passionately drive home the importance of taking advice when writing a Will. We do not view legal consultation as merely a prudent step but also a means to identify areas that would benefit you and your estate, such as Inheritance Tax planning and holding of assets within a trust.

The legal consultation also can be a forum to ask questions and to gauge the reactions of your partner to ensure that all sides are happy with what is recorded. We find at Niche Wills that this is a consultation is often the source of much debate, which is healthy, and we strive to help the couples confront difficult subjects such as: ‘who are the preferred guardians for their children’, and assist them in drawing a collective conclusion.

Writing a Will is a serious matter and should be done in a relaxed environment outside of daily routine. Our Legal Consultants recognise this and will happily visit at a time that is convenient such as the evenings, weekends or in your work lunch break. What’s more Niche Wills offer a free legal consultation if you live or work in the London area.

Niche Wills in London | Will Writers In London
Members of The Society of Will Writers
www.nichewills.co.uk

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Will Instructions to Executors must be fair

February 10, 2010 By Leave a Comment

There is a romantic notion that Writing a Will gives you the power to make your Beneficiaries and Executors jump-through hoops in the process of disbursing assets.

The thought that you will ultimately pass on a gift provided that a series of qualifying events take place is indeed wide of the mark.

The Courts take a dim view of such elaborate measures. With movies such as 80s classic Brewster’s Millions which required Richard Prior to loose $30m in 30 days in order to inherit $300m truly confined to Hollywood when it comes to actual Will writing.

Even what might seem like a genuine request such as scatter my ashes in the place where I honeymooned is unlikely to be adhered to if it is miles away from where your Executors live. A Will cannot physically propel your Executors into action above and beyond the call of duty if they do not have the inclination to oblige. So as professional Will Writers we ask that you are realistic with your wishes when you are drafting a Will. An Executor is someone you trust to disburse your legacy but be fair on them. Would you want them to feel low as they cannot carry out your far fetched Will instructions?

Our Legal Consultants are taught to ask the testators to think twice when they are writing their Wills. Have a reality check. Put yourself in the Executor’s shoes. The disbursement of a Last Will and Testimony is often hard enough, particularly as often the responsibility is bestowed upon someone who is grieving and unfamiliar with the Probate process.

If you are thinking of Writing a Will and would like more on this subject or other practical advice, please visit www.nichewills.co.uk

For more information on our Will writing Services, please complete the enquiry form on the right hand side or contact our London office on 020 7993 2044.

Niche Wills in London | Will Writers in London
Members of The Society of Will Writers

Filed Under: Executors, Making a Will, Writing a will Tagged With: , , , , ,

Landlords Should Make A Will

January 21, 2010 By Leave a Comment

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

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Long term care update

December 2, 2009 By Leave a Comment

Long term care in this country is means tested and the government has literally drained equity out of the family home to pay for the nursing care accommodation. Really a savage end to what has in many people’s lives been their life ambition to own their own home, and pass it onto their children.

There were of course elaborate methods using Trusts and Will direction to take the family home out of their estate and away from the clasps of the State, but this was little known to those who had not acquired the services of skilled will writers.

Thankfully her Majesty’s speech in November significant progress appears to have been made albeit the full details are yet to be confirmed but the early indications are good with the Government boasting that 400,000 people will benefit.

The emphasis of the Queen’s speech was on allowing people to retain their dignity, confidence and independence for longer.

For starters it appears that for the very first time that free personal care will be given in their own homes for those with the highest needs. This will hopefully help many stay out of nursing home facilities that soak up personal wealth.

Home adaptations and use of technology has been recognised as paramount to the scheme.

One of the details to emerge thus far is the guarantee free personal care for the 280,000 people – including those with serious dementia or Parkinson’s disease – with the highest needs. We at Niche Wills will continue to track the facts from our London base so that you can make rationale decisions about your estate planning.

Filed Under: Care homes and Costs, Estate Planning, Inheritance Tax Tagged With: , , , , , ,

Will Writer in Ealing and London

August 6, 2009 By 2 Comments

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.

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Cheap Wills, you get what you pay for

August 4, 2009 By Leave a Comment

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

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