Life Settlement Trust Hadley

Life Settlement Trust

One of the only constants in life is that unexpected circumstances can and will occur from time to time. In the most severe of instances, a sudden death can place a great deal of strain upon any family. Not only does this equate to emotional duress, but the financial and legal ramifications are other effects which should never be taken lightly. These are some of the main reasons why writing a will is so very critical in these modern times. Let us look at some of the advantages of these preparations as well as the consequences of not having a legally approved will when it is needed the most but there are will writing benefits on what happens next.

Wills: The Main Benefits Inheritance Concerns

From a broad perspective, the main purpose of a will is to expedite the legal and financial processes that will inevitably occur upon your death (or the death of a loved one). A will is the most effective and thorough fiscal vehicle that will protect those closest to you. Partners or unmarried couples can be at an even more pronounced risk. In this instance, the other half will not be recognised upon the death of their partner without such a document. Click here to see why you should choose us!

Gifts and Donations

 

The writer of the will can designate a number of beneficiaries. These individuals are then able to inherit investments, family heirlooms, trusts, property and indeed any other assets which are considered to be of significant value. Donations are also addressed by a will. Anyone who wishes to leave a significant portion of his or her estate to a third-party can do so in writing. This is an excellent way to leave a lasting legacy.

What to Consider

What to know:

Contact Trusted Will Writing Hadley Today

UK Will Writing Statistics

According to research by unbiased.co.uk in 2016, 75% of those surveyed had not reviewed their Will in the last ten years!
75%
In 2013 a survey by Certainty.co.uk revealed that 67% of UK residents were unaware of the location of their parents’ Wills!
67%

A Trusted Company!

To find out more about our will writing service all you have to do is give us a call. One of our friendly team members will chat with you about your personal circumstances and what you wish to include in your will. We will then schedule a visit, at a time of your choosing, for one of our Legal Consultants to come and visit you

They will gather all of the necessary information together in order to prepare and write your will. Once this stage has been completed you will then receive your completed will for approval. The whole process takes an average of 28 days. To find out more information please do give us a call today. We offer a fixed fee and guarantee the lowest local will writing prices.

5/5

Read More Here!

Writing wills is the only way to ensure that your money, possessions, property, as well as your investments, has gone to the people or the causes that you care of.

How to write a will

Find out the value of your property. You can draw a list of your lasting assets and your debts too.

The assets that usually make an estate are

  • motor vehicles
  • your company
  • your home, furniture and other household pieces of stuff
  • all your savings (bank/building society accounts)
  • insurance,
  • pension funds
  • investments like stocks and shares
  • other property that you own
  • other personal belongings registered under your name

Then calculate the amount of debt you have. Debts may be a mortgage, a bank overdraft, a credit card balance, loans or equity release. These assets should be valued on a regular basis since their value keeps changing over time. To clarify this you can contact the people responsible to know how long lasting they are.

The will should be transparent regarding your assets. Ensure you have stated well who you would like to gain from your will. Decide where the remains of the assets will go (any money or property that is generally left after meeting the funeral along with administrative expenses, taxes, and legacies). State what to be done if one of your beneficiaries dies before you. If you desire to give any particular gifts to specific individuals like charity, ensure that you have included the correct information like the full names, addresses, and the charity’s registered number. Erroneous information might make your chosen charity to be denied the gift. This is a long lasting decision make sure it is satisfactory to you.

Executors deal with the distribution of your assets once you are dead. It involves a lot of work and accountability, thus think about the people you appoint cautiously.

It’s now the time to write your will

Make your own will:

Make your own will and ensure that it is valid. It should be correctly drafted and signed.

Lawyers:

It is typically best because they offer legal advice. Look for one who specializes in wills. Ensure that they are registered with the relevant body.

Banks:

Some of the banks have will-writing services as well as advice regarding asset planning.

Professional wills writers:

these are not qualified solicitors; hence, they might not be regulated. Do thorough checks if they are registered before you choose one? You do not want to mess up because of less research on solicitors.

Ensure your will is valid

Your will should be in writing, and only you should sign it and witness by at least two people who should as well sign it in your presence. You should have the mental capability of making the will and also understand the effect that it will have. Finally, you should make the will willingly and not from anyone else pressure. The beneficiaries, their family or civil partners are not supposed to act as witnesses; otherwise, they will lose their right of the inheritance. They are not even supposed to be present when the will is being signed. It is not advisable for an executor to be a witness.

Making a will in sickness

The will can be signed on your behalf if you are not capable provided that you are in that room and you have the mental capability to make the will. It should contain a clause stating that you understood everything prior to signing it. In case of a severe ailment, you might require a statement from a medical practitioner certifying that you have understood what you are about to sign then you can get an attorney. You can as well appoint somebody else to have a short-term power to sign your legal documents by giving them a general power of Attorney.

Keep updating your will

You are supposed to review your will after every five years or after a significant change like a moving house or new grandchild, and you should never make changes to the original will. For minor amendments, you can add just an addition, called a codicil that must be signed and witnessed just like the will, even though the witnesses don’t need to be the same. For significant changes like remarrying or divorce, the will requires to be changed. You must make a new one and cancel the previous one.

Alex
Alex
Read More
Thanks for all your help in making the will for us, as well as placing us right when we needed it. Well worth the money thanks!
Rebecca
Rebecca
Read More
I experienced this method of writing a will simply done, I would strongly recommend it to all of my freinds. thank you for all your help.
Zara
Zara
Read More
Extremely simple and effective reply to any type of inquiries and constant comments to guide you through the experience. Extremely suggested!
Josh
Josh
Read More
Cost effective as well as fantastic service for creating straightforward wills
Previous
Next

Contact us form for a FREE quote today Hadley