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Abbey Broadway Wills

From a network of accredited willwriters complimenting our in house team Abbey Broadway can bring you a professional will writing and estate planning service that is straightforward hassle free and excellent value for money all in the comfort of your own home.

Will Writing Services


Willl writing and Estate Planning in the UK

Specialists in Wills, Will Writing and Inheritance tax planning
Abbey Broadway Legal specialise in Will Writing & Inheritance Planning. Writing your Will can provide you with security and peace of mind, not just for you but for those you care about. We provide a full range of legal services including:

Wills
Living Wills
Protective Property Will
Disabled Person’s Trust
Probate / Executry Services
Children’s / Grandchildren’s Trusts Document Storage
Pre Paid Funeral Plan
Advance Directive
Lasting Power of Attorney
Will Storage

Our Will Writing Consultants are situated all over the UK to offer you sound, practical advice at your home, your office or wherever is convenient for you. For further information on will writing and legal services or an informal chat, please contact your local will writing consultant.

 


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Inheritance Tax Planning


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.

Trusts


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.

Lasting Power Of Attorney

 

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.

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Will Document Storage

 Will Document Storage

Gives 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, 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


Most estates have to go through probate, whether you leave a will or not. It ensures the deceased estate passes to the right people and all Tax due on death is identified and collected.

If your estate is over five thousand pounds, before it can be collected for distribution, a Grant of Probate must be obtained. This means the Will must be formally recognised at the local Probate Registry.

Postal & Online Will Writing Services


Postal and Online Will Writing Services

Our Quick Wills postal and online options offers an easy, affordable and time efficient solution to putting your affairs in order.
Priced at only £90 for a single Will and £130 for a Joint Will for you and your partner.
Our Quick Will writing option comes with full telephone support from our Wills specialists.

Start Making Your Will

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