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Did you know that over 50% of the UK population does not have a will, with many of
them not knowing how to make one?
Plus, the only way you can legally specify what provisions to make for your children
under 18 if you die, is through your will!
You can protect your loved one’s future by making your will.
Whether you’re a single person, starting a family, or retired, it’s wise to consider your
future and the future of loved ones.
No one can genuinely foresee their own death, and it’s a situation we don’t like
thinking about. However, having your will in place can reduce a lot of stress and
heartache in the future for your family.
Having a will can mean the right people are catered for, and in some cases, this
could be crucial. It could mean the difference between your child receiving the
education you planned for them or not, to making sure that your children are cared
for by people you trust.
Appointing a guardian for your children in your will makes it clear how you wish them
to be cared for and by whom.
Making sure your money goes to the right people: you’ll have no say if you don’t
write a will. If you make no provision, the worst-case scenario is that the decision is
made by a stranger in court.
There may be situations where you want money to be provided for a specific reason
in the future, such as funding a child’s university education or providing a deposit for
their first house.
And…..maybe you want to provide for friends who have supported you and been
generous with their friendship. This is your way of repaying their kindness.
And don’t forget…….if you have a partner and you’re unmarried, you need to specify
in a will what you want to leave them; otherwise, they could receive nothing!
Anglian Will Writing can help you to provide for your family by writing a will.
We’re a tried and trusted, fully insured, local firm based in Norwich. We’re members
of the Society of Will Writers and have 15 years of experience writing wills.
We know you’ve worked hard to get where you are today and don’t want to be giving
your money away to just anyone. You want your money and your assets going to the
right people, who you love and care about. An that’s where we help!
With your guidance, we ensure that your estate is dealt with in the most tax-efficient
way.
This is your opportunity to plan for your family’s future in the way you want it!
We’re an easy and approachable service. Not some stuffy lawyers who deal with
clients in a legal and dry manner.
We also offer a FREE initial consultation to discuss your will writing requirements.
We take your full instructions and write the will precisely to your needs. We even
deliver the will to your home to go through it with you. After we’ve discussed the
contents and you agree it, you sign it. It’s that easy.
If it’s easier for you, we can send it to you, discuss the contents on the phone, then
you send it back to us signed.
There are NO HIDDEN COSTS: all work is done on a fixed fee basis AND, we provide FREE
storage for your will.
Warning: we know you don’t like the thought of death, and maybe you keep telling
yourself you’ll get around to writing a will. However, you don’t think you’ll be passing
away any time soon!
But…..you don’t know. No one knows when they’re going to die. Although we all
know we’ll die someday, at the same time, we sort of feel it just happens to other
people.
The right time to write a will, making sure your money and assets go to the right
people, and your loved ones have some financial security……is now!!!
You never know when you’ll die. If you have prepared a will, you will have peace of
mind knowing your family will not lose control of your estate
You’ll receive expert, friendly advice from a will writer with 15 years experience.
A FREE initial consultation.
We’re the most convenient will writing service in the area.
Once your will is prepared, you can rest assured that every last one of your express
wishes is included and that your loved ones and dear friends will receive money
and/or assets on your passing.
You’ll probably be so pleased with our service, that just like many of our happy
clients, you’ll refer us to other people.
I invite you to call us today to book your free consultation on: 01603 865220
Or, you can email our office on: enquiries@anglianwillwriting.co.uk
Remember, please don’t leave it until it’s too late.
Phone our office today for a friendly chat, and we’ll explain the easy way you can
quickly put your new will in place, providing for all the people you love and care
about.
Don’t forget; there is no initial cost when you contact us. If we write a will from your
instructions, there are no hidden fees. Before we start, you’ll know the full cost of our
service.
Call us today for a friendly chat on: 01603 865220
A Living Will (also known as an Advance Medical Directive) provides the opportunity to document your wishes with respect to end of life medical treatment in a form that is accepted by both the BMA and RCN.
A Living Will allows you to decide in advance of a debilitating illness or injury what is acceptable in the way of medical treatment or life support procedures, and comes into effect when you are mentally impaired, such as with a coma, and unable to communicate with medical professionals as to the acceptability of certain medical treatments.
It may be advisable to seek advice from your General Practitioner or another medical professional.
Writing your Will is only the first step.
Only your original Will correctly signed and witnessed is legally valid. A copy, whilst useful, is not deemed legal for the distribution of your estate.
It is a surprising statistic that one in three Wills are never found, and if your Will cannot be found decisions will be made by the Courts under the Rules of Intestacy.
Consequently…
Placing a legacy into trust for children or grandchildren may be an effective way of ensuring that younger people receive their inheritance at an age when they are more financially responsible such as 21 or 25.
Those with special needs require particular protection if their potential inheritance is not to be sequestered by Local Authorities to pay for Community, Residential or Nursing Care. The use of a discretionary disabled trust can help in such cases.
Owning property or other assets overseas can raise inheritance issues which may be very different to English Laws. It is essential that you have a properly drawn up will in the country where you hold assets. We have access to professional firms in most European countries.
Have you recently suffered a bereavement?
Dealing with someone’s affairs when they die can be complicated and confusing, especially at a difficult and emotional time. We can help support you and provide direction to administer your friend or loved one’s estate.
Whether you need some advice on what steps you need to take in order to deal with the estate of a loved one or you are looking for someone to carry out services on your behalf, whatever your circumstances we have the right answers and solutions for you. At a time of loss, financial matters are very sensitive so be reassured that Anglian Will Writing offer Fixed Fee Probate Services. This means we will agree the cost upfront and there will be no hidden surprises. “
You Could Be Liable to Pay Inheritance Tax to the Government!
Don’t Let the Taxman Win…….
What is inheritance tax?
This is the tax paid on the assets of your estate when you die, minus any outstanding expenditure or debts to be paid from the value of the estate. The tax is usually at a rate of 40% of the value of the estate, minus the first £325,000.
However, if you pass your estate to your children or grandchildren, which includes foster, step, and adopted children, the maximum band of £325,000 can be further increased.
Any inheritance tax due must be paid before probate is granted. Once probate is granted, the assets of the deceased estate can be dealt with according to their will.
What is considered to be my estate?
any property you own and the contents
money and investments, such as investments, shares, or insurance pay-outs
possessions of any kind such as antiques and jewelry
Under what circumstances can I avoid inheritance tax?
if the value of the estate is below £325,000, or £650,000 if the nil rate band of the deceased spouse or civil partner is available to transfer
if everything above £325,000 is left to a spouse, civil partner, charity, or community amateur sports club
How do we help?
Anglian Will Writing is here to guide you through the complicated process of inheritance tax (IHT) planning. We strive to help you reduce the amount of IHT you could be liable for on your death.
What happens if I don’t have time to visit your office?
We want our service to be at your convenience. We can come to your home or meet at our office. It’s your choice. Whatever works best for you. Together, we can look at the best options, so your IHT liability is reduced as much as possible.
What’s the one prime benefit of using our service?
Helping you to legally minimize your IHT liability to the HMRC on your death. If you have lots of assets, it can be a complicated matter. That’s why you need a firm highly experienced in this area, with an understanding of the law, who can give you sound impartial advice.
Anglian Will Writing can look at the options available to minimize your estate’s liability for inheritance tax by looking at options including, but not limited to:
your annual gift allowance. This is where you give out gifts and no inheritance tax is paid if you survive them by 7 years
lifetime gifts of capital, assets, and/or property
agricultural and business property inheritance tax relief
inheritance tax exemptions
leaving a percentage of your estate to charity in your will
trusts to minimize IHT liability
using your will to plan for IHT
deeds of variation
The best solution will always be based on your circumstances, looking at what’s best for you, your estate, and your beneficiaries.
What should I do now?
Like most people, you probably don’t like thinking about your own death. No one does, but of course, we all know it’s going to happen sooner or later. For the protection of your family and your estate, it’s advisable to get advice as soon as possible, so the minimizing of inheritance tax is in place. If you leave it too long, it could be too late!
Contact us today and book a free consultation and find out how we can save your estate money by minimizing your inheritance tax liability.
Will your service be expensive?
We guarantee that there won’t be any surprises. We will always give you an estimate of our costs for our service during the initial free consultation.
So, right now, I’m inviting you to call Anglian Will Writing on 01603 865220
Alternatively, you can email our office at: enquiries@anglianwillwriting.co.uk
We are the East Anglian choice. Our highly experienced inheritance tax planning advisors work with a range of clients, including high-net-worth individuals to reduce the inheritance tax liability of their estates.
Our flexible service allows you to visit our office, or we can meet at your house, or an agreed location if it’s more convenient.
We’ll get to know about you, your situation, assets, beneficiaries, and how best to provide a bespoke service that gives tax-efficient planning for you and your loved ones.
No one likes paying tax, but we live in an increasingly taxed society where government departments are trying to get our hard-earned money. Don’t let it happen to you, your estate, and your family’s future.
Remember, you can contact us for a no-obligation chat, free of charge about your estate and inheritance tax concerns.
We aim to protect you and your estate, minimizing your inheritance tax and making sure you stay legally compliant at the same time.
Call Anglian Will Writing on 01603 865220
Email us at: enquiries@anglianwillwriting.co.uk
According to a recent survey of 66 councils in England, last year 70,000 homes were sold to pay for residential or nursing care!
One in every three women and one in every four men are likely to require long term residential care.
Fees in Care Homes vary considerably, but are in the order of £15,000 to £25,000 depending on facilities and the area of the country.
In April 1993 the Community Care Act came into force in the UK. It removed responsibility for assessing needs and paying for care from the Department of Social Security to Local Authorities. It gave the right to the Local Authorities to means test individuals to assess whether any financial assistance will be given. If you have assets valued at over £23,500 and require residential care, you are responsible for the costs and the Local Authority may obtain an order enabling the sale of assets including the home to meet the costs.
The property must be jointly owned as “Tenants in Common”. Each partner leaves their share of the property (usually 50%) in trust for children or other beneficiaries rather than to the joint owner of the property.
This means that the survivor never becomes sole owner of the property which prevents the Local Authority including the whole value of the property when totalling assets if the survivor needs permanent residential care. So the most that could be claimed against is the survivor’s half of the property.
Lasting Power of Attorney (LPA) – This document allows you to appoint people that you trust to make decisions for you if have lost your mental capacity through illness or an accident. Without this in place families can face enormous difficulties in handling your affairs at a difficult time. An LPA can be used to delegate decisions relating to personal welfare, including health care and medical treatment decisions, as well as decisions about financial matters
Trusts Can Help Protect Your Wealth for Your Loved Ones and Future Generations
What is a trust?
You may have heard about trusts, but don’t know precisely how they work or the benefits of having one. A trust is a way of managing assets for people, be it buildings, land, or investments. One or more people who are called trustees manage the assets in the trust for the benefit of the people who will benefit from the trust.
The assets are placed in the trust by a person known as a settlor. This is the person with the assets and could be anyone such as your parents, grandparents, or a family friend, etc.
A trust is a legal entity, but different from other entities such as companies or estates. It can be used to protect your assets from legal challenges, such as from creditors.
Why should you set up a trust?
Trusts have several advantages for you, including:
Can I tailor a trust according to my family’s needs?
Yes!
A trust can be drawn up to pay a lump sum, an income, or both. So, for instance, you could create a trust that protects the capital, just taking out small amounts of the income, leaving it to generate income and continue to grow.
Or, leave the capital to grow until the time comes to distribute all of it as a lump sum to the beneficiaries of the trust.
If you’re concerned about giving assets away too early as you think the beneficiaries are not yet mature enough to use the assets wisely, a trust is an excellent way of protecting the money for your children and grandchildren until the time arrives for them to benefit from the trust.
Can you show me examples of the type of trusts that are available?
Yes, they include:
Life interest trusts: The primary purpose of the trust is that there is a nominated beneficiary. This is a trust that could save you from selling your home if you go into a care home. It is also a way of creating a trust that protects your family’s inheritance should your mother or father remarry.
Bare trusts: This trust is often used to pass assets to young people. The asset is held by a trustee. However, once the beneficiary is 18, they have a right to all the capital and/or income from the trust.
Discretionary trusts: These allow you to put some or all of your estate in a trust. An appointed trustee can distribute assets to the beneficiary at their discretion when they deem it appropriate. These trusts are often used to help children or grandchildren who cannot manage their own funds. The trustee can also decide as to how the money will be spent.
Non-resident trusts: these assist people for tax purposes if they live outside the UK.
Mixed trusts: A combination of the different trusts.
How do I set up a trust?
As you can imagine, setting up a trust can be highly technical and complex. Anglian Will Writing is here to make sure the trust follows your precise instructions and ensuring it’s legally compliant, meeting your exacting needs.
Our specialist advisors create trusts to suit your needs and advise you about the administration of the trust.
These include:
Will it take very long to create a trust?
If you need a trust created very quickly, Anglian Will Writing can address your needs within days. However, if you have the benefit of time, we recommend it shouldn’t be rushed. It’s best to sit down together and go through your requirements precisely and give us the time to fully explain the implications of each clause in your trust.
Anglian Will Writing is the trusted, local choice, for people looking for tax planning advice and the creation of trusts to protect their wealth and financially provide for their family after their death, and into the future.
Call Anglian Will Writing today for a no-obligation chat about how we can protect your family’s wealth through the creation of trusts on:01603 865220
Alternatively, you can email us on:enquiries@anglianwillwriting.co.uk
We know people don’t like talking about their money or passing on, but you never know when you will pass. It’s sensible to address issues regarding your family’s financial future whilst you are fit and able to make the right decisions.
Don’t forget; trusts are not created just to reduce your tax liability. They give you the financial control and peace of mind when determining who will benefit from your assets. You are both protecting your assets and providing for your family’s future.
More information coming soon.
Anglian Will Writing
Suite 2 Wensum Mount Business Centre
Low Road, Hellesdon
Norwich
NR6 5AQ
Email Address:
enquiries@anglianwillwriting.co.uk
Telephone Number:
01603 865220