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Services in the Bournemouth area

Wills Solicitors - Bournemouth

Why Make a Will?

Over two thirds of the population in the United Kingdom die without having made a valid Will. By making a Will, you can ensure that your estate passes to those whom you would wish to benefit.

If you die without leaving a valid Will, then your estate will pass in accordance with the Intestacy Rules. This could mean that your estate ends up in the hands of distant relatives, who you may never have even met. If no relatives can be found, your estate could end up in the hands of the Crown.

A Will can also be a useful tool in Inheritance Tax planning. Since October 2007 changes to Inheritance Tax legislation have meant that, for many people, they can now execute a relatively straightforward Will without having to worry about Inheritance Tax.

This change rendered the use of trusts within many Wills as unnecessary. However, the use of trusts within a Will can still have advantages and trusts are a useful vehicle for preserving wealth and ensuring it passes into the hands of those whom you would wish to receive it.

We offer a bespoke Will writing service for all our clients and we do not have a ‘one size fits all’ approach to Will writing. We also offer a free Will storage facility for all our clients and home visits can be arranged. You should always seek the advice of a fully qualified and trained solicitor when considering a Will.

In addition to our 'Make a Will' service which we offer, our solicitors can offer a seamless financial planning service.

We promise that if you come to us to make a Will, you will leave with the peace of mind that your affairs have been properly 'put in order'.

Bournemouth Will Writing Services|Bournemouth Wills|

Our Wills and Estate Planning team in Bournemouth 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 Bournemouth, 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 Bournemouth

 

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 Bournemouth help you mitigate against Inheritance tax if at all possible.

Trusts in Bournemouth


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 Bournemouth

 

 

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 Bournemouth 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 Bournemouth

Compare Prepaid Funeral Plans in Bournemouth

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Will Storage in Bournemouth

 

Our will storage facilities in Bournemouthgives 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 inBournemouth, 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 Bournemouth

 Wills and Probate in Bournemouth

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 inBournemouth.

Making a Will in Bournemouth

Our Quick Wills postal and online options in Bournemouth 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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