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Oxfordshire Will Writing & Estate Planning
For many people the process of thinking about their demise is a
difficult thing to do. Writing a Will or to give it it's full name a
Last Will and Testament is often seen by many people as something very complex.
People often feel they need to commission a solicitor to get their
Will written . They are worried about not knowing what the end
costs are likely to be. Unfortunately none of us know what the future will hold and we all have a duty to
our families and loved ones to ensure our affairs are in order.
Your Will
can help you put your affairs in order,
when completed they can provide great peace of mind for you and your
whole family. It is very satisfying to know your last wishes have
been documented you have appointed guardians for your children. Your
prize possessions have been bequeathed to your loved ones, you may
have even made provision for your pets and your
assets have been protected from the ravages of the taxman.
Many of our customers have stated that they had been putting off writing
their Wills for a long time It was not until they invited an
Associate from Collective Legal Solution to make a free home visit
that they realised how easy and painless it was to get their Wills
written. Nearly all
out customers wonder why they put it off so long!
Writing your Will should be the first part of any Estate Planning
exercise, but why Estate Plan?
Benjamin Franklin's observation "there is nothing more certain than
death and taxes" rings very true, or it does unless you have done
some Estate Planning and written an effective Will.
By putting it off you may be ignoring one of the
biggest single tax liabilities your family will ever face, that of
Inheritance Tax.
When you die, if your estate is valued at more than £325,000 your
family may have to pay Inheritance Tax on everything you owned above
the current £325,000 figure. Included with this threshold figure is
the value of your house, other
properties, cars and any other assets you own.
The current tax rate for Inheritance Tax is 40%. Often this is money
your family have to find before your assets can be transferred to
loved ones. This may mean them borrowing large sums of money, which they may
or may not be able to afford.
It is never too early to get your Wills written, the earlier you
start the longer your tax planning has to take
effect. Some forms of gifts and trust need seven years to achieve
maximum tax efficiency. By getting your Will professionally written
by Collective Legal Solutions you can achieve much more than just
reducing your families Inheritance Tax Bill.
Our Wills Could help;
- ensure all of your assets are disposed of as you
would wish
- ensure your children have properly appointed
guardians by stating
your wishes
- ensure the financial future
for your children by establishing child
trust funds
- define other
discretionary trust fund, disabled discretionary
trust funds or even pet trust funds
- reduced UK inheritance tax burden on your family
- reduce the impact of costs associated with long
term care provision
- ensure funeral wishes are documented
- exclude previous partners from
benefiting from your estate
- exclude other named
individuals from benefiting from your estate
The process of getting your Will written is
simple. One call to us right now can get you started. Book an
appointment and we will come and see you in the comfort of your own
home at a time that suits you for a chat.
We can take you through all the things you need to consider when
contemplating writing your Wills. You need to think about such
things as;
- what assets you have
- who you want to sort out your affairs
after your demise (Executor)
- 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
When we make your free home visit there is
no charge and no
obligation. If you wish to proceed after we have explained all
of your options to you we can give you a fixed price
quote and take your Will instruction there and then.
This is a truly a personal, friendly yet highly professional service,
delivered in the comfort of your own home at a time to suit you. We
make writing your Will an easy process, so give us a call right now
without obligation, you will be glad you did and so will you family
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