One of the things that put people off making a Will is not knowing what their options are for making their Will and how much it costs.
This article looks at the different options and costs available to you including making a Will Online. (DIY) make your own Will and using a Professional Will Writing Company or Solicitor.
(DIY) Make Your Own Will
The Estate Planners Network (EPN) Professional Charter
As accredited members of the Estate Planners Network Mind At Rest Wills adhere to the EPN Professional Charter ensuring that members of the public can use an EPN member with confidence.
The Charter consists of 8 main principles and they are as follows:
1. Act with integrity when dealing with clients and suppliers
- Clients receive a good quality service
- Clients are not sold products they do not require or that are not suitable for their circumstances
In this years summer budget Chancellor George Osborne announced that in addition to the current inheritance tax (IHT) nil rate band threshold (NRB) of £325,000 per person.
A new “family home allowance” known as an additional Nil Rate Band (ANRB) is set to be introduced from April 6, 2017.
Currently, the inheritance tax (IHT) nil rate band is £325,00 this amount will be frozen until April 2021.
A General Power of Attorney is a legal document that allows an individual known as the ‘Donor’ to authorise someone else known as the ‘Attorney’ to act on the Donors behalf with regard to their property and affairs.
A General Power of Attorney automatically ends if the Donor dies or loses the mental capacity to make a decision for themselves.
If a Donor loses mental capacity whilst not having also registered a Lasting Power of Attorney an application to the court of protection would need to be made with regards to the management of the individuals property and affairs.
Today we are pleased to welcome guest contributor Katrina Emerson from Dogs Trust, who talks to us about how to ensure the care and love of your dogs continues after you have passed away.
Do you ever wonder, “What would happen to my dog if I were to pass away before them?” You aren’t alone. Many responsible, loving dog owners tell us that they worry about leaving their beloved four-legged friend
For Release 15/07/2015
Mind at Rest Wills New Online Wills Service – Press Release
Ipswich — 15/07/2015 — Today, Mind at Rest Wills are very pleased to announce the immediate availability of its new Make a Will Online Service which allows people with the need for a Basic Will to create and download their legal Last Will & Testament Documents (Valid in England & Wales) online in minutes.
Whether you have already made your Will or are planning to make a Will for the first time when it comes to getting Married few people are aware that in England and Wales the act of Marriage automatically revokes a Last Will & Testament made prior to the Marriage.
In England & Wales, the only exception to this rule is if the Will has been written before the Marriage occurs containing a specific clause that covers the contemplation of your upcoming Marriage.
The role of an Executor of a Will is to carry out the instructions and wishes written in a deceased persons Will.
The role of a Trustee is to take care of the managing of any funds from the deceased Estate that was not to be distributed immediately, for example, monies held Upon Trust.
Whilst it is possible to appoint separate Executors and Trustees in a Will, nowadays in the majority of standard Wills (those that do not contain Will Trusts), the Executors and Trustees duties are carried out by the same person.
When someone dies in England or Wales the death must be registered with the Registrar of Births and Deaths.
If the person’s death has been referred to the coroner you will not be able to register their death until the registrar has received the coroner’s
permission to do so.
If the person’s death has not been referred to the coroner then you should contact the registrar as soon as possible to inform them. The death must be registered within 5 days unless the registrar gives permission to extend this time period.