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Services in the Bath area

Will Writing Service Bath

A Will is a document that is written the name of the person or people you want to take care of your affairs after you die. It ensures that all your affairs, possessions and property are under the right hands and in order, well managed, and all who are listed as beneficiaries in the Will get their fair share. This usually occurs after vising your lawyer, and in a case where you do not have one who will aid in writing of the will, you can choose a lawyer to do so.
  
The best case and plan to ensure that your property is well taken care of, is by finding professional Will writers who basically deal with a specified area, which is Wills. Such a firm is Abbey Broadway who are specialized in what they do and offer quality services worth your time and money.

Wills can be written for various reasons. Such would include to find the suitable to look after your children, the gifts to be given to family, friends and charities. It also can have your funeral wishes as well as have a trust to hold assets for your children until they attain a certain age.

There are some issues that have to be in order for a will to be valid. First off, the person involved must be one who is 18 years or over, unless in special circumstances. The Will must also be made voluntarily and without pressure or being forced by anybody, should be made by one who is sound of mind, and in writing. To finalize the Will made, it is vital that the person making the Will to sign it in the presence of two witnesses. The witnesses will also need to sign the Will in the presence of Will maker.

Some factors may hinder Wills or have a down side such as the money in the Will may not be directed to where you want, and it is likely to be inadequate for inheritance tax procedures. Though this is not something major it is an issue that has to be in consideration.

Abbey Broadway will offer all the above services and more best advice. Involving an experienced and trusted association that will ensure all your wishes are met and secured and stored well for future use. Direct Will trust will ensure that you live happy and free of worry knowing that all your hard earned property and plans are in safe hand now, and in the future.

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Our Wills and Estate Planning team in Bath are a group of specialists who can help you plan today for tomorrow's circumstances. There are many provisions you can make now with a little time and effort to ensure your family is financially stable, even if you're not around.

With the minimum amount of fuss, we can help you make sure your hard-earned assets go to the people you want it to; With some early planning, we can keep inheritance tax liabilities to a minimum

If you feel that your circumstances are very straightforward and you live in Bath, you may want to

consider using our Postal or Online option .

Simply request an Application Form and Terms of Business via email to info@abbeybroadwaywills.co.uk

Complete the application form and return by post with your discounted payment.

 

 

Appointment Online Postal

 

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Inheritance Tax Planning in Bath

 

Inheritance Tax principally is tax paid as a result of your death on all your estate: house, savings, car, antiques, household items, life policies, cash lump sums, inheritance from parents etc. The first £325,000 is tax-free. Everything over £325,000 is taxed at a rate of 40%.

So, on a total estate of say £400,000, there would be a tax bill to be paid of over £30,000 . This is money that you will not be able to leave to anyone except the taxman! What could your children do with this?.

The very bottom line is whether you would rather give your hard earned money to the taxman or to your children/grandchildren.Let your local estate planner in Bath help you mitigate against Inheritance tax if at all possible.

Trusts in Bath


What is a Trust?

A Trust is a legal arrangement (also known as a "Settlement") that enables you to give away assets but restrict or direct how and when they are used. Trusts can be used to make gifts in your lifetime and they can also be set up under the terms of a Will.

 
Who are the three main participants?

•The settlor:
this is the person who created the trust and normally gives away the assets that are placed in the trust
•The beneficiary:
this is the person who is to receive the assets or benefit from them. A beneficiary can also be a trustee and/or the settlor.
•The trustee:
this is the person(s) who looks after the assets ensuring they are invested/used in accordance with the rules of the trust and general trust laws.

Making a Lasting Power Of Attorney in Bath

 

 

There are two types of Power of Attorney; General and Lasting.

General Power of Attorney:

This is where someone is given legal authority to act on your behalf in financial matters in your best interests e.g. when you are out of the country. It becomes invalid when you lose mental capacity to manage your own affairs. It also stops on your death.

Lasting Power of Attorney (LPA):

This is a Power of Attorney which continues after you might become mentally or physically incapable of handling your own affairs. It protects people who may not be able to make some decisions for themselves e.g. those with dementia, learning difficulties, mental health problems, stroke, head injuries, accident or illness.

As part of our will writing service in Bath our estate planners can create your power of attorney either to look after your personal financial or welfare affairs.

 

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Compare Prepaid Funeral Plans in Bath

Compare Prepaid Funeral Plans in Bath

We compare funeral plans and providers nationwide offering you free advice to help you get the best plan that meets your needs at a discounted price. Quite simply we get paid a commission for every plan we sell which we are happy to share with you

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Will Storage in Bath

 

Our will storage facilities in Bathgives you “peace of mind” knowing their most important Legal Documents are safe. A Lost Will is the same as dying Intestate. Why take the risk of their Documents being lost or destroyed? Imagine trying to prove the contents of a lost Will especially when any copies could be easily disputed.

It is advisable for clients inBath, particularly in cases where there is Trust Work to be carried out on first death, that they store their Legal Documents with us. We can then advise the surviving spouse as to the best way forward and arrange to have put in place whatever Trusts are required.

 

Wills and Probate in Bath

 Wills and Probate in Bath

Estate administration can be an extremely daunting task for someone who has recently lost a loved one.

Dealing with the Courts, the Banks and the Inland Revenue is time consuming and emotionally draining.

Our Probate / Executry company,  can take care of everything on your behalf. From ingathering the Estate to finalising tax matters, we have the experience required. To assist you with Probate and Executry services inBath.

Making a Will in Bath

Our Quick Wills postal and online options in Bath offers an easy, affordable and time efficient solution to putting your affairs in order and comes  with full telephone support from our Wills specialists.

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