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Services in the Bromley area

Wills and Estate Planning in Bromley

  • We have thought through to the end the solutions to real life problems e.g.
    • Will an inheritance merely sabotage means tested state benefits e.g. university grant, income support, or care in old age?
    • Will your partner remarry and make a new Will, leaving out your children in favour of his or her own?
    • Will the Trustee Acts enable sufficient to be released to your children's guardians for them to afford to do the job?
    • Will sons and daughters use the money wisely or will they waste their inheritance or, worse still, will they destroy themselves if showered with unearned riches?
    • Will a once loved husband or wife of your son or daughter take half the inheritance upon a divorce long after you have gone?
    • Will the taxman dig his shovel deep into your life's savings?
    • Will Social Services leave you to fund care costs in old age?
  • We treat each case as the unique case that it is.
  • We tell the client if no Will is necessary. We do not charge for such advice.
  • We are never content until you are content.
  • We train hard and have developed long-term relationships major Solicitors in Bromley who recognise the   quality of our work.
  • Appointments are without obligation and include home visits.
  • Click Here To Contact Us Today

    Bromley Will Writing Services|Bromley Wills|

    Our Wills and Estate Planning team in Bromley 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 Bromley, 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 Bromley

     

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

    Trusts in Bromley


    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 Bromley

     

     

    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 Bromley 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 Bromley

    Compare Prepaid Funeral Plans in Bromley

    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 Bromley

     

    Our will storage facilities in Bromleygives 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 inBromley, 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 Bromley

     Wills and Probate in Bromley

    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 inBromley.

    Making a Will in Bromley

    Our Quick Wills postal and online options in Bromley 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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