Making A Will Is Simple With Niche Will Writers In London

Write a Will – New Year’s Resolution

January 10, 2011 By admin 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: draft a Will, drafting a will, London Will Writer, making a will, Professional Will Writing services, Surrey Wills, Trusts and Wills, writing a simple will, Writing a will, Writing a will in Kingston

Writing A Trust

February 25, 2010 By admin Leave a Comment

Writing A Trust – What Are The Roles Of The People Involved

There are three very distinct personnel involved when you write a trust and it is the job of our London based Will Writers to explain each of them, and this can be done in the comfort of your London home.

The Settlor

If you write a trust you are known as the settlor. The role of the settler is to appoint trustees to administer the trust and decide who the beneficiaries will be. They will of course, be the person who decides what assets or property go into the trust. So who can be a trustee, well someone aged 18 or over, who is of sound mind.

The Trustees

The Trustees are the persons you choose to administer the trust fund for the sole benefit of the beneficiaries

Our London based Will Writers are trained to assist you in the selection of your trustees. Our Will Writers will emphasis the important of choosing someone who is financially astute as it is the role of the trustees to make sure the money is invested wisely.

When creating a trust our Will Writers are trained to challenge potential conflicts of interest. They also ensure that when we write a trust at Niche Advice we give strict instructions that a minimum of two trustees are appointed. We have borrowed this best practice from Scottish legislation and applied here in London.

Finally, one or more of the trustees could be a trust Corporation to help give a professional judgement.

The Beneficiaries

These are the recipients of the benefits you are giving away. How and when they receive the assets can be specified.

Hopefully this has given a clear picture of who is involved in the trust writing process and our Will Writers are on hand if you decide to make a trust.

Richard Stokes

Niche Wills in London | Will Writers in London

Members of The Society of Will Writers

www.nichewills.co.uk

Filed Under: Estate Planning, Trusts wills, Writing a will Tagged With: Estate Planning, Trusts and Wills

Cheap Wills, you get what you pay for

August 4, 2009 By admin 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

Filed Under: London Will Writer, Writing a will Tagged With: Cheap Wills, London Will Writer, online wills, Professional Will Writing services, Trusts and Wills, Writing a will

Trust Wills Explained

July 31, 2009 By admin 2 Comments

Trusts and trust funds sound daunting to the untrained ear.

The reality is in our experience there are very few types of trust that get used directly by individuals in the work we do for Niche Wills in London.

The principle reasons are when they are considering writing a will and also in respect of looking after the interests of their children.

In the summary below we attempt to explain the key differences. So you can make an informed choice or narrow down your search for an appropriate adviser.

Absolute (Bare) trust

An absolute trust holds the property in the trustee’s name but allows the beneficiary to take actual possession of both the income and trust property whenever they want. For example this type of trust might be used to pass gifts to children while you are still alive.

Accumulation and maintenance trust

An accumulation and maintenance trust is designed to pass money for the welfare of children whilst they are still minors. Any surplus income that is not used is added to the trust property, which it turn will pass the children once they reach 18. At this point the trust turns into what is technically known as an ‘interest in possession’ trust. The process is differs in Scotland, as, once a beneficiary reaches the age of 16, they could ask the trustees to part with the trust property.

Discretionary trust

The trustees of a discretionary trust are empowered to decide the amount of income or capital (if any) to pay to each of the beneficiaries as none has an automatic right to either.

Discretionary trusts therefore can be used as a way to pass on property while you’re still alive and whilst still maintaining some control over it through the terms of the trust deed.

Interest in possession trust

In an interest in possession trust the beneficiary has a legal right to all the trust’s income (after expenses have been deducted), but not to the actual property itself.

For example, you wish to set up an interest in possession trust in your will. It is for instance common to consider leaving the income from the trust property to your spouse or partner and the trust property to your children when your partner dies.

Mixed trust

A mixed trust may be ideal when one beneficiary of an accumulation and maintenance trust reaches 18 and others are still minors. In this instance part of the trust then becomes an interest in possession trust.

Whilst the above hopefully gives you and insight and flavour, it is fair to say that will writers, including Niche Wills, will provide you with the exact timing and method of using the trusts in their most effective way. It is worth spending time and seeking professional advice as it could have a profound impact on your legacy.

More information on trust Wills can be found by clicking here

Filed Under: Trusts wills, Writing a will Tagged With: Inheritance Tax, London Will Writer, Trusts and Wills