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Will Writers in Bayswater

March 16, 2010 By Leave a Comment

Niche Professional Will writing Services extends to all areas of central London Including W2 and Bayswater area which is one of London more prestigious postcodes.

In recent information provided by upmystreet.com 40% of residents live alone. There are also high numbers sharing larger properties. They are typically renting rather than buying, which reflects the more transient nature of these communities. Yes, this is quite a lot of people renting much higher then the national average but what about the other 60%.

Due to Bayswater being a very affluent area many would-be or current owners need to protect themselves by ensuring they have a valid will and suitable ancillary protection products in place. The current nil rate band sits at £325,000 per person and if you take into account the local property prices and the high income tax rate of many households you can see why getting advice from a Professional Will Writers is certainly sensible.

In Bayswater the average age is also lower then the national rate, with many people often leaving marriage to their late 30s. Without a Will co-habiting couples are exposed as the way that the Government divides estates is based first and foremost on blood line.

When it comes to Will writing or Estate Planning the rule is the sooner you start to plan the better and more structures the outcome. Notice that we have also emphasised the word VALID WILL as many simply do not update their existing documents.

Niche Will Writers can visit all W2 residents at the comfort of their homes within the Bayswater fecundity. Took book a visit please call 020 7993 2044 or simply complete our free quote form.

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Coming of age for Gay Wills

January 28, 2010 By 4 Comments

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.

Filed Under: Civil Partnership Wills, Estate Planning, Financial Planning, Gay wILLS, Inheritance Tax, London Will Writer, Making a Will, Uncategorized, 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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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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