Have You Done All You Possible Can To Protect Your Loved Ones And Your Assets?

Dying Without Valid UK Wills Can Cause Heartache, Distress and Misery. A Will Could Be Used To Protect Your Family, Reduce Your Inheritance Liability And Protect A Significant Portion of Your Home And Other Assets From Care Cost Assessment!

In the UK your Will is likely to be the most important document you will ever write.

Making your Will should form a key part of your overall financial and estate planning. Your Will, or Mirror Wills, should ensure your assets legally go where you want them to go. They can help to protect your estate from the effects of long-term care costs, and even reduce your family’s inheritance tax liability.

Your Wills could make use of Will Trusts to help protect your assets.

Writing a Will, or a Last Will and Testament, is often seen by many UK families as a very complex process. People feel they need to commission a solicitor to write their Will.  You might worry about the uncertainty of the end costs. The process and cost of  writing a Will need not be a worry to you.

We offer fixed price services, delivered in the comfort of your own home.

It is a certainty that none of us knows what the future will hold. However, we all have a duty to our family and loved ones to minimise uncertainty when they least need it, by ensuring our affairs are in order.

Your Will is top of the list in helping you to put your affairs in order, and reduce the burden on your family at what will be a very difficult time.

Reassure yourself by knowing that your last wishes have been documented, guardians appointed for your children, and your prize possessions bequeathed to your loved ones. You may have even made provision for your pets. The Will-making process even helps you to make provision to protect your assets from the ravages of the taxman and inheritance tax, or from the costs of long-term care.

Many of our customers tell us that they had been putting off writing their Wills for a long time. It was not until they invited Collective Legal Solutions to make a free home visit that they realised how easy and painless it is to have their Will written. Nearly all our customers wonder why they put it off so long! See for yourself – take a look at some recent letters from our customers.

The Chancellor's October 2007 Pre-Budget announcement made some improvement to the inheritance tax situation for married couples and civil partners.

These couples can now automatically carry forward any unused percentage of their partner’s nil-rate band inheritance tax allowance. This means these couples can pass on up to £600,024 of assets without incurring inheritance tax. Amounts over £600,024 for couples, and over £312,000 for single people or cohabiters, will still incur an inheritance tax liability of 40%.

The value of your estate includes all of the assets and cash that you own. People often think that the family home, properties abroad, cars, works of art or shares might be exempt. This is not the case. If you are a single person or a cohabiter, and want to work out your inheritance tax liability click here.

The changes made to the inheritance tax rules in the October 2007 Pre-Budget announcement mean that the families of many married couples and civil partners will now fall out of the inheritance tax trap, or will have vastly-reduced liabilities.

However, inheritance tax is only one of the threats to a family's wealth. Probably a bigger threat is that of having to fund long-term care costs.

One-in-four of us will require long-term care at some point in our life, and a Will can be used to protect significant portions of your estate from the ravages of longer-term care costs. Whereas inheritance tax threatens only 40% of the value of your estate over the nil rate band (currently £312,000), care costs can reduce the total estate value down to £13,500, leaving very little for loved ones to inherit. For more details on the threat of long-term care cost, and how to protect your loved ones, follow our link to Long-Term Care Protection.

We could help to:

• ensure your money, property and other assets go only to the people you wish to receive them
• ensure you have nominated guardians for your children
• ensure your money is secured for the benefit of your children by establishing Child Trust Funds
• define when to use Discretionary Trust Funds, or Disabled Discretionary Trust Funds, to look after all of your family; maybe even a trust fund for your pet
• reduce or eliminate your estate’s inheritance tax liability
• reduce the impact of costs associated with long-term or formal care provision
• ensure funeral wishes are documented
• exclude previous partners from benefiting from your estate
• exclude named individuals from benefiting from your estate
• minimise death duties.

The process of having your Will written is simple. One call to us right now is all it needs to start your estate planning. Book an appointment, and we will come and chat with you in the comfort of your own home, at a time that suits you.

We can talk you through all the things you need to consider when contemplating writing your Will. You need to think about such things as:

• what assets you have, and where they are
• who you want to sort out your affairs (your Executor) after your demise
• who you want to appoint as guardians for children under 18
• if you want to make special provisions for pets
• how you want to divide up your assets
• any exclusions you might want to make, for example, excluding a divorced partner who may be able to lodge a claim on your estate.

Your free home visit is entirely without charge and there is no obligation. We will explain how a Will is written, and we will show you an example. If you wish to have your Will written by us, we will give you a fixed-price quote for all the work and take your Will instructions there and then.

Writing your Will is a particularly personal task, and that is why we offer a truly personal and friendly service, yet highly professional, delivered in the comfort of your own home at a time to suit you. We make writing your Will an easy process, so call us right now, without obligation. You will be glad you did, and so will your family.