Mind At Rest Wills
Don't delay, put your mind at rest today!

 Mind at Rest Wills
Whilst statistics can differ, the majority of surveys carried out in recent years have indicated that around 60 to 70 percent of the UK population have not made a will. There are many reasons why people may put off making a will. Back in April of this year, I wrote an article about this very subject entitled “Whats Your Excuse”. A link to which can be found at the bottom of this post.

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Updated 27/04/2016

According to the Law Society in the United Kingdom, roughly one in three people die without a legal will in place and therefore die intestate. Dying without a will in place is a something all adults, especially those with children should avoid.

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 image of family Trust

Why would using a professional trustee be a good move?

In previous blog posts I have talked about the differences between standard Wills versus Wills and Trusts One of the reasons that people set up a Will directing the proceeds of their estate into Trust is to protect the estate from potential inheritance tax costs and to reduce the risk of their home being sold to pay for care fees. The aim of this article is to provide further information to those of you that have taken the route of a putting an estate plan in place, utilising both Wills and Trusts.

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The Law of Intestacy Explained

The Law of Intestacy Explained

I am often blogging about why it is important to make a Will. One of the statements I make to back this up is that if you do not have a legal Will in place then your estate will be subject to the Law of Intestacy.

In short, I explain that this could mean HMRC (the Crown) benefit from your estate instead of your loved ones.

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do it yourself picture
We often get asked the question “Can I make a will myself ?”

The short answer to this is Yes.

However, there are some very important facts and significant risks that you must consider before taking this route. Ignoring these risks could make your Will invalid and affect your loved ones in more ways than you think, as when your Will is called upon you will no longer be around to sort things out.

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 questions about wills

Below is a list of questions we are commonly asked about Making a Will, we hope you find them useful. If you can’t see the answer you are looking for here, don’t hesitate to ask a question yourself. You can contact us by clicking here

General Questions About Wills

Why do I need a Will?

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 deed of variation FAQ

Is Your Inherited Wealth At Risk?

If you are a beneficiary of a Basic Will or Mirror Wills that distribute assets absolutely to you, these assets could be exposed to risk.

Assets that have not been placed in Trust can face attack from:

  • Long-Term Care Fees
  • Divorce or Separation Settlements
  • Marriage After death
  • Creditors & Bankruptcy
  • Further Taxation

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excuses

Common Excuses For Not Making A Will

 

Many people put off making a Will for various reasons or excuses. Excuses are a result of a natural defence mechanism linked to the fear of doing something that you either don’t want to think about. Or have a lack of understanding on how to move forward with the confidence that you are doing the right thing to protect your bloodline.

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 Standard Wills versus Wills and Trusts
The purpose of today’s mind blog is to highlight the main differences between the use of or need for Standard Wills versus Wills & Trusts. It is fair to say that a large proportion of the general public in the United Kingdom either do not understand the difference between these two entities. Or are at best confused regarding how it all works.

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