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Allied Professional Will Writers Ltd |
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WILLS, LEGAL, TAX PLANNING. |
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If you want to know
more about any of the issues discussed here please click on the
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INTRODUCERS |
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Services
 | We take our profession seriously: we number an Area Director of the Society of Will Writers and Estate Planning Practitioners plus one who helped write the software that many other Will writers use |
| To look after your needs, it is essential that our staff receive regular training, and we use senior industry professionals to do this. |
| Our unique Professional Maintenance Service helps keep your legal affairs economically up to date, advises you of tax and legal changes. Above all, it reminds you to reconsider matters in the line of changes in your personal circumstances and those of your beneficiaries and dependents. You also benefit from Special Rates on future services. |
| To save time (yours) and fees, we work mainly by your filling in a brief postal questionnaire: we then study this and call you, at a time convenient to you, to discuss matters in detail before drafting the appropriate documents. Home or office visits are available in many areas, at additional cost. |
| For your protection we are members of the Society of Will Writers and Estate Planning Practitioners. They ensure that our Consultants training is first rate and that they are kept up to date as things change. |
| We carry full Professional Indemnity Insurance, as all professionals should. |
| Learn more with our emailed Newsletter, TIPS and education course. |
Family Services
One of the problems with Wills is that people tend to be rather reluctant to make them, and this reluctance tends to include not revising the Will once it has been made. Typically, people die many years after making a Will, and the Will is no longer as relevant to their needs as it was. People have died, gone bankrupt, married, divorced, had children, left the country. Guardians who may no longer be appropriate, your legacies may have been left to people who have no need of the money (or worse where it will just go in tax).
Tax rules change, peoples needs change. You owe it to those you love to make your Will (and other planning) both up to date and relevant.
To arrange or revise a Will,
click here
What is a Will?
A Will is a legal document which indicates what you want to happen to your Estate when you die. Home made Wills may be perfectly valid, but one of our professional Consultants will cover many areas which most people will never even consider, and could save your family an enormous amount of money.
The consultation may also provide much better security for both you and your family.
SAVE MONEY WITH Probate & Trustee Services Ltd EXECUTORSHIP SERVICES
Many people say that banks and solicitors only write Wills so they can get the valuable Probate work It is understandable that friends and relatives may be reluctant to act as basic errors can make them personally liable for substantial damages. However, on a simple £100,000 estate, Banks & Solicitors charges could range from £3,000 to £5,00 +. We can save you money is several ways:
1) Sole Executorship - we do not recommend ourselves as sole Executors: this is always the most expensive option and is not often appropriate.
2) Reserve & Advisory Executorship - PATs Unique & economical option - with this service, our service is available to assist and advise your Executors - when and if they wish. Should your Executors die or be unable or unwilling to act, we will then step in as emergency Reserve Executors.
3) Low fees - our specialist service charges only for the level of expertise required by the task - why pay
£180 an hour (or more) for relatively straightforward work? Generally speaking, we would expect to save you (or your heirs) at least 25% over traditional methods, and often much more.
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WHAT DOES AN EXECUTOR DO?
When you write a Will, you must appoint an Executor and Trustee to handle your affairs when you die. Most people think that this is an easy task but it can end up extremely complex and, of course, it all happens at the time of greatest grief.
We know only too well the problems that can arise and that is why, by appointing our service as Reserve Executor and Trustee, you can have peace of mind knowing that your estate will be dealt with by experts in a professional, efficient and caring manner if your first choice is unable to cope. We will also be on hand to advise if needed.
The Trustee & Executor is an independent company, who will offer impartial professional help, as needed.
However, our service does differ in the rates that they charge - they are lower than both solicitors and banks - and they are significantly lower.
An Executor or Trustee, whether a lay-person or a professional is legally responsible in law for:
| Ensuring that the death is registered. |
| Organising the funeral. |
| Ascertaining the interests, values and liabilities of the deceased. |
| Investigating all outstanding aspects of the estate. |
| Complying with the legal and fiscal requirements, completing affidavits and the various forms for the Probate Registry and Inland Revenue. |
| Determining all tax liabilities. |
| Negotiating valuations of all assets including property, shares, business interests etc. |
| Payment of all outstanding bills and any debts. |
| Administering assets - sale or transfer of property, shares, Bank and Building Society Accounts. |
| If necessary, arranging the running of the business until disposal. |
| Distribution of the estate as directed by the Will. |
| Preparation of accounts. |
| In addition to those listed above, there may be many other tasks or unforeseen problems which will have to be carried out or dealt with before your family or loved ones can receive any income from your estate - these delays can cause financial hardship. |
Our service can remove all these problems and handle the administration of your estate extremely quickly for you. They can ensure that, in the event of any delay, families are cared for financially. If you have already written a Will but decide to appoint us as Executors, please contact us for further information and we can add the necessary clauses to your Will for you. If you find yourself in a position either where someone has appointed you to be their Executor, left a Will where there is no Executor to act or if you have lost a loved one who has not left a Will, we can take the worry and burden from your shoulders and deal with the estate on your behalf.
Why pre-pay for Funerals?
| Savings - once paid, the price is fixed, irrespective of inflation. |
| Family Benefits - you have relieved you family and friends of at least some of the distress of arranging (and paying for) your funeral. Leaving instructions for the funeral in even greater detail can ensure that there are no distressing disagreements between those left behind. |
Research
We have researched the market (and continue to keep it under review), so we are able to recommend the most appropriate plan.
Payment
You can pay in a single sum if you are able, alternative interest free over 12 months, or over up to 5 years with a modest charge for interest.
For
info
People tend to think that someone else will look after their financial and other matters if they become unable to manage through accident or illness. In point of fact, even a spouse cannot sort out everything, and it may become necessary to ask the Public Trustee to be appointed by the Court to manage matters, for which they will charge. The same applies to most businesses.
Clearly it is much better (and cheaper!) to appoint your partner, parents, spouse, co-director, children or a friend as Attorney just in case. Perhaps 1 in 5 will need an EPA before retirement, and after retirement over half the population are likely to need one at some stage, whether through complete incapacity, or just because (whilst perfectly mentally capable) they just do not wish to cope with the stress of managing their affairs any longer.
NB It is no longer legal for joint owners of property to act as SOLE attorneys for each other. Existing such Enduring Powers of Attorney MUST be replaced if they have not been registered as they are invalid with regard to the jointly owned property.
RECOMMENDATION: everyone over 18 should have an EPA (enduring power of attorney) to ACT click here
Advance Medical Directives / Living Wills
The point which most miss is that a Living Will can appoint a medical proxy, who is specifically authorised by you to deal with medical decisions if you are unable to. A legally married partner will normally be consulted, but the have NO authority unless they have been appointed as your medical proxy.
Many people appreciate that neither they nor their family will have any real influence over their medical treatment in the event you are not sufficiently alert to make decisions themselves.
The British Medical Association is keen to support the use of Advance Directives, which is the only way to ensure your wishes are followed.
What an Advance Medical Directive cannot do is authorise euthanasia. Most people authorise doctors to maintain pain control, not to preserve your life artificially if there is no prospect of your recovering in any meaningful sense of the word.
To ACT, click here
WHAT IS YOUR ESTATE?
Sounds like a simple question?
Sorry - it is not.
We can discuss this with you, but the following (amongst others) should be considered:
| Debts - mortgages will not automatically be paid off by insurance, so your spouse may inherit the debt without the means to pay it. |
| Gifts made within the last seven years |
| Life insurances inappropriately set up (most are) |
| How is your home owned? |
| If care fees have been Council funded, will they "inherit" your home? |
To Act, click here
Whilst Inheritance Tax ("IHT") may slow down the trickle of wealth "down the generations" by taxing it at a "modest" 40%, but Community Care Tax can come close to being a 100% tax on your wealth.
Most of this drain is AVOIDABLE!
If your assets exceed £18,500 and you need residential nursing care, the Government will contribute between nothing and a maximum of £100 p.w. to the costs you incur. These will typically be at least £500 a week.
YOU must find the rest. Once your assets drop below £18,500 you will receive a slightly higher contribution, until below £11,000 the whole cost (up to a maximum set by your local Council) will be met by the Council. However, they are under a legal duty to recover as much as possible of the costs from your estate, and may well pursue people you have given significant gifts to and they will also sell your home (if you own it) unless it is still occupied by an acceptable dependent.
To ACT, click here
Charity
Many Charities raise an enormous amount of money through Legacies.
We can help your charity in several ways:
| We can help co-ordinate a campaign to encourage your supporters to remember you in their Wills. |
| We can make a donation from Will writing and other fees received from your membership. |
| We can put a link on your website and make a contribution to your funds from the resulting business. |
| We can help you to help your members. |
| We can help you with your Marketing |
Business Protection & Succession & Tax Planning for companies, sole proprietors and partnerships.
What happens if you or key people are taken out of the picture?
| Will the business be able to operate providing you, your family, staff and shareholders with an income? |
| Will the business continue? Will the right people own it? |
| Will your family be the right people to run the business, or would they be better off with the money? |
Are you paying to much tax?
Staff Benefits - add our economical services to your Staff Benefit Schemes to the enormous benefit of your staff and their families.
Business Staff Benefit scheme enquiry click here
FREE LEGAL & FINANCIAL E-MAIL COURSE
Every year thousands of families just like yours pay millions of pounds in unnecessary tax. (Your family could avoid this).
Every day, many of those same families are left (needlessly) in dire financial straits. (Your family could benefit from your new knowledge and be safe.)
A little knowledge of Legal & Financial planning can prevent this. (You can gain this knowledge easily (and free) from our email course and newsletter and your family will benefit.)
Don't let this happen to your family. Sign up for our FREE course and newsletter below - now.
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Tips Newsletter Signup Form |
It is entirely without obligation. No salesman will call. Every module will have Tips which (added together) could make an enormous positive impact on you and your family. Our Tips could save £100,000 +, on Inheritance Tax, life insurance, Community Care "Tax", Council Tax, Income Tax, Capital Gains Tax, they could add £1000 a month to your income, cut your outgoings by 10% and much more. You have nothing to lose and a lot to gain by subscribing. You would be able to deal with professional advisers on a more equal basis, and give them clear instruction which will cut your costs further and enable them to serve you better (or you can contact us!)
