Single & Mirror Wills.

Please contact us to discuss your requirements

As a double check please give the total number of children.

Children you are no longer in contact with, need to be listed so we can advise on the best way for your wishes to be carried out.

If previously married and divorced or where a financial settlement was made to the child's parent. Does not alter the child's right to claim an inheritance.

 

 

  Property Protection Trust.

One use of a Property Protection Trust is to protect your property from be used to fund Care fees by the council.  (care fees included in a Care home and In your own home with daily visits)
Click on the underscored   PPT 
For more infomation regarding Property Protection Trust that can be included in your Will.

If the property is not equaly owned by both parties to the Mirror Will then Two Single Wills are required.

Continue to complet this form and we will make the relivant changes.

Interest only: This is where you borrow a sum of money only pay the monthly interest and at the end of the agreed term, repay the original sum borrowed.

Repayment: is where you borrow a sum of money pay interest plus part of the capital at the end of the agreed period there is no money owing.

Life Time Mortgage is available to people over the age of 55 who borrow against their property but make no monthly payments, paying it back after the second death. This is a useful way of raising extra cash to improve lifestyle or help the family. (We can assist with this if interested).

All business assets are included in the total value of your estate. Which if they put the value above the current Inheritance Tax (IHT) threshold means that your estate could be paying 40% IHT on your business asset (possibly meaning that a business you wanted to stay in the family has to be sold to pay the tax, or the proceeds of a sale are taxed at 40%). There is a simple cost effective way of mitigating this.

Discretionary Trust for Children’s Inheritance.

    A Trust allowing you to choose at what age your children can inherit (18, 21,25 we suggest 25 as that gives the maximum protection because it is discretionary the trustee could hand over the funds at any time from the age of 18). You leave instructions for your trustees on when the children are allowed to receive some of their Trust fund before this age. Usually this is for education and health.

     Do you really want your child inheriting everything at 18.

An additional advantage is that as the assets are held in Trust, should your child need to claim a means tested state benefit they would still qualify. Because as you organised their affairs to have less than £10,000 in their own name they would still be eligible, whereas if their inheritance had been paid directly to them they would then be put over this limit and would not qualify!

     While you may think that you have never needed benefits, just consider if your child cannot find employment at 18 or wants to go on to further education, many benefits would not be available to them. There is also the issue that they could have health matters preventing them from working, again their inheritance will preclude them from these benefits. A solution to prevent this is to include a “Children’s Trust” in your Will this will protect their assets until the age of 25, they can still have access to their inheritance but via a Trustee i.e. someone you trust. Should your child be registered disabled there is also available a “Disabled Children’s Trust” which protects the assets for the life of the child not just to the age of 25.

 

The five main means-tested benefits are:

•          Income-based Jobseeker’s Allowance: paid to people who are unemployed and are on a low income.

•          Income-related Employment and Support Allowance: paid to people whose ability to work is limited by illness or disability and are on a low income.

•          Income Support: paid to people who are on a low income and under state pension age.

You may also be able to claim these means-tested benefits:

•          Housing Benefit: this can help you to pay your rent if you are on a low income.

•          Council Tax Benefit: this can help you to pay your Council Tax if you are on a low income.

If you get a means-tested benefit, you can often get other help such as free school meals, health benefits and social fund payments.

You may also be eligible for tax credits.

 

We can add a Children's Trust to your Will for £25.00

 

If you want a Trust that continues beyond the age of 25 years old then a Discretionary Trust can be supplied for £150.00.

  

This is a general overview; particular circumstances may vary, however even the minimum means tested allowance makes putting assets in to a Trust beneficial for most people.

  You can add a Children's Trust to this Will. You can choose any age up to 25. We usually suggest having the 25 year option as this gives the maximum control, the trustee could grant full access before 25 if that was appropriate.

There is a single payment of £25-00 which covers ALL the applicable children.

This Trust can also be used for  Grandchildren. (any beneficiary under 25).

In many cases where the Executor is a family member, they know the diseased family circumstances.

However it is worth bearing in mind that where the estate is being distributed between different families where disagreement could take place the executor is liable for any lose suffered by a beneficiary.

This could be that an unknown beneficiary makes a claim on the estate after the executor has distributed the estate. Another scenario is where there was a debt against the deceased estate that the Executor did not discharge or know about. Being an executor involves more than just completing some forms they are liable for any loses.

If you are concerned that this may be the case there are a number of insurance policies that could cover these events.
Missing Beneficiary Insurance
Creditor Liability Contingency Insurance
Missing Will Insurance
No Section 27 Notice Insurance
Early Distribution (Inheritance Act 1975) Insurance
The cost of this cover is from 1% of the gross value of the estate: (per element)

Bearing this in mind it may be prudent for the Executor renounce being an executor.

 It is certainly possible for an executor to “resign” (or renounce). However, this can only be done if an executor has not already started dealing with the estate. This is known as “intermeddling”. This can be achieved by signing a deed of renunciation.

 If they do renounce, renouncement takes effect immediately and doesn't grant the right to appoint another person in their place. Instead either remaining executors continue, or someone must apply to court to be appointed an administrator.

This is a reason why it is advisable to have a Professional Executor named in the will either as an executor or reserve executor. We work with Premier Solicitors.

It is advisable to have a Professional Executor as a reserve, should your nominated executor be unwilling or unable to act. If there is no reserve executor nominated the court will nominate a bank that you have some connection with to act as your executor they usually charge at the top end of the law society’s fee table around 5%. Considerably more that Premier solicitors.

Who are

a Chartered Tax Adviser,
a Chartered Accountant,
a Notary Public,
a Taxation Technician,
a Financial Adviser,
a Chartered Secretary,
a Trust & Estate Practitioner.
So they can deal with the most complex of cases usually on a fix fee basis.

 

Premier Solicitors (Bedford) Ltd is registered in England & Wales, number 12495770.

Registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisors.

Premier Solicitors (Bedford) Ltd is authorised and regulated by the Solicitors' Regulation Authority (SRA) of England & Wales with SRA number 668813, and is bound by the rules found in the Solicitor’s Code of Conduct, a copy of which can be viewed at http://www.sra.org.uk/handbook/

Company address:
Premier Solicitors
Premier House, Lurke Street, Bedfordshire, MK40 3HU
Telephone: 01234 35 80 80
Fax: 01234 348112

 

 

Whilst you may have relatives / friends who would be willing to act as guardians there is the financial implication to consider it is sensible to have an insurance policy that would provided a monthly amount until your children reach 18 or 21. Although there may be some equity in your property,this may be need to jointly purchase a larger house. We can provide low-cost insurance quotes if require.

Put the amount you require and term (usually untill younges is 18 or21) in the notes secotion and we will have our insurance specialist contact you. for imparticatial advice.without obligation.

Lifetime Interest or Right to Occupy Trust. An example could be you want your children to inherit a property, but you want your second Wife/Husband, Partner, Friend to live in the property until their death or a specific period of time. There are many ways that this can be setup. please speak to us if unsure.

If you require additional features, we advise that you complete this form.

Then one of our qualified advisers will call you and explain the options for you.

You may want to see our website www.saxonwills.co.uk where you will find videos and further information. 

It is good practice to include a beneficiary. That would always be available.

Example you are on a family holiday with ALL your beneficiaries if the plane crashed with no survivors where would the estate go. A charity would always be available. The alternatives would be that the legal system would be the main beneficiary distributing the estate to distant relatives.

 

Before printing your Will, it is checked to make sure it is valid.

If you would like to complete the form below, we can have a better understanding of your requirements and can advise you if we believe that your Will does not reflect your views expressed in the form below.

Terms of Business / Retainer

 

 The following standard terms of business apply to all instructions accepted by the Company. All work carried out in the provision of Will Writing Services is subject to these terms except where changes are expressly agreed in writing. These terms of business form the basis of the contract between the Company and the Client.

 1.               Definitions and Interpretation

1.1            In these Terms and Conditions the following terms shall have the following meanings: 

 “Calendar Day”
means any day of the year;
“Cancellation Form”
means the form attached to these Terms and Conditions as Schedule 1;
“Cancellation Notice”
means the notice attached to these Terms and Conditions as Schedule 1 or such other written document containing the same information, produced by the Customer;
“Contract”
means the contract for the purchase and sale of the Services under these Terms and Conditions;
“Customer”
means the individual purchasing the Services from the Seller who shall be identified in the Order;
“Order”
means the customer’s completed order for the purchase and provision of Services;
“Payment Information”
means all information required to take the required payments from the Customer and includes, but is not limited to, credit/debit card details and residential address details;
“Sales Literature”
means any and all brochures, catalogues, leaflets, price lists and other documents providing details of Services available and pricing information for those services;“Seller”; and Saxon Wills and Estate Planning  

 “Services”
means the services which the Seller is to provide in accordance with these Terms and Conditions, any specific terms which apply only to those services, and as specified in the Order.

  1.2            Unless the context otherwise requires, each reference in these Terms and Conditions to:

1.2.1   “writing”, and any cognate expression, includes a reference to any communication effected by electronic or facsimile transmission or similar means;

1.2.2   a statute or a provision of a statute is a reference to that statute or provision as amended or re-enacted at the relevant time;

1.2.3   “these Terms and Conditions” is a reference to these Terms and Conditions and the Schedule as amended or supplemented at the relevant time;

1.2.4   a Schedule is a schedule to these Terms and Conditions; and

1.2.5   a Clause, Section or paragraph is a reference to a Section of these Terms and Conditions (other than the Schedules) or a paragraph of the relevant Schedule.

1.3            The headings used in these Terms and Conditions are for convenience only and shall have no effect upon the interpretation of these Terms and Conditions.

1.4            Words imparting the singular number shall include the plural and vice versa.

1.5            References to any gender shall include the other gender.

 2.               Procedures

 2.1            On the initial appointment your detailed instructions will be taken and appropriate advice given on matters relating Will Writing Services. Any queries or questions will be answered and a full explanation given on the contents and terminology used in the drafting of your Documents.

 3.               The Company undertakes to:

 3.1            Comply with your instructions with reasonable skill, care and expedition appropriate to your needs.

3.2            Provide you with the best advice on matters relating to the Will Writing Services. In some cases this may mean advice to draw up other documents, or take other action, which may incur further fees. In such cases full details of such charges will be given to you in advance and you are under no obligation to proceed with any ancillary services offered. However, in some circumstances you may be asked to sign a declaration stating that you are acting against the advice given.

3.3            Comply with the Client`s instructions using all due skill, care and expedition appropriate to the need of the client. Regarding the dispatch of documents Company must adhere to the following timescales unless otherwise agreed in writing with the client at the time that the client's instructions are received. The following timescales take effect immediately upon the Client providing all the information required to complete the agreed instructions.

3.3.1   Dispatch of Draft documents – 7 working days

3.3.2   Dispatch of executable documents AFTER drafts are approved – 7 working days

3.3.3   Dispatch of executable documents if drafts are NOT supplied – 7 working days

 3.4            However where circumstances occur, including those which are beyond the Company’s control, which result in the documents being delivered outside the above stated timescales, the client must be informed and upon their request must be provided with a full written explanation for the cause of the delays AND the opportunity to renegotiate or cancel the contract, with a full refund being provided should it be requested by the client.

3.5            Maintain the strictest confidentiality and not to pass on your details to any other organisation without your express written permission unless legally required to do so and shall comply with all legislation in force relating to data protection.

For more information on how we hold your data please view our privacy notice (add link/hyperlink) which will be provided to you in addition to these terms of business.

3.6            Offer an attestation service that supervises the signing and witnessing of your Documents at your home. The Company will not take responsibility for ensuring the validity of your Documents where the attestation service has not been taken up and the execution supervised by an agent of the Company. The signing of your Documents must be carried out according to the law of England and Wales in order for your Documents to be valid. All Documents will be supplied to you with full written instructions of how these should be completed and the Company will check the documents for free after they have been signed to ensure validity. It is your responsibility to send the documents to our Company after you have signed them if you would like them checked.

 3.7            Where the Company offers a Will storage service, the Company does not accept any liability or obligation to advise you of any changes in legislation or taxation which may affect you either directly or indirectly and may necessitate a review of your Documents. Any Will should be reviewed every three years and on the occasion of any material change in your circumstances, such as divorce, marriage, the birth of children or the inheritance of a large sum of money etc.

3.8            Where the company cannot legally or practically follow the instructions given by the client, the company must explain any differences between the client’s instructions or expectations and the documents to be provided.

 4.               Notice of the Right to Cancel

 4.1            The Customer has the right to cancel the Contract within the Cancellation Period as determined by The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013.

4.2        The Seller is Saxon Wills & Estate Planning.

4.2            For the purposes of this Cancellation Notice, the Reference Number to be quoted in all communications is: As detailed on the Customers invoice/receipt.

4.3            The Customer has the right to cancel the Contract within 14 Calendar Days of receipt of this notice (the “Cancellation Period”).

4.4            The Customer may be required to pay for Services provided if provision of the Services has commenced with the Customer’s written agreement prior to the end of the Cancellation Period.

4.5            In the event that the Customer chooses to exercise their right to cancel within the Cancellation Period, the Cancellation Form attached to these Terms and Conditions as Schedule 1 should be completed in full and returned to the Seller at the address provided in sub-Clause 4.7.1 below.

4.6            Cancellation Notices must be sent to the Seller at the following addresses:

4.6.1   A Cancellation Notice sent by post or delivered by hand must be sent to: SAxon Wills & EstatePlanning. 2 Holland Way Holbeach. Lincolnshire PE12 7NY; and

4.6.2   A Cancellation Notice sent by email must be sent to: enquiry@saxongroup.org              ]

4.7            Cancellation Notices shall be deemed served upon the Seller:

4.7.1   In the case of a Cancellation Notice sent by post, at the time of posting; and

4.7.2   In the case of a Cancellation Notice sent electronically, on the day it is sent.

4.8            Use of the Cancellation Form is optional; however all Cancellation Notices, in whatever format, must be in writing and must contain all information included in Schedule 1.

 5.               Refunds

5.1            If the Customer chooses to exercise the Right to Cancel in accordance with Clause 4 above, the provisions of this Clause 5 shall apply in determining any refund to which the Customer may be entitled.

5.2            The Customer must inform the Seller of their exercise of the Right to Cancel within the period required by Clause 4.

5.3            If the provision of Services has commenced, at the Customer’s written request, prior to the giving of notice by the Customer and the end of the Cancellation Period, the Seller shall remain entitled to any monies constituting the value of such Services.

5.3.1   Where the Customer has already made payment to the Seller, any refund issued shall be less the relevant sum determined under sub-Clause 5.3.

5.3.2   Where the Customer is yet to make payment to the Seller, the sum due from the Customer shall be adjusted accordingly.

5.3.3   The Seller will inform the Customer in writing of the relevant calculations involved in determining sums deductable or payable under this Clause 5.

5.4            If the provision of Services has commenced prior to the giving of notice by the Customer and the end of the Cancellation Period without the Customer’s written request, the Seller shall not be entitled to any monies constituting the value of such Services.

5.5            If the Customer requires their Documents urgently and require that the Company commence work prior to the expiration of the cancellation period the Customer can agree to waive their rights under the Regulations by signing a waiver agreement. This will mean that they will be required to pay for any work completed should they decide to reinstate their right to cancel within the 14 days. This should be provided in writing.

 6.               Liability

6.1            If the Seller fails to perform the Services with care and skill it shall carry out remedial action at no extra cost to the Customer.

6.2            The Seller shall not be liable to the Customer or be deemed to be in breach of these Terms and Conditions by reason of any delay in performing, or any failure to perform, any of the Seller’s obligations if the delay or failure was due to any cause beyond the Seller’s reasonable control or where the Customer has failed to meet their obligations under Clause 8 below.

 7.               The Customers Obligations are:

7.1            To disclose all relevant facts and answers to all the questions asked to allow the Company to provide accurate advice and to produce an effective legal Document. The Company shall not accept liability in respect of information which was not disclosed, and therefore not documented by the person taking your instructions, and which comes to light at a later date as being of relevance and which may effect the validity or content of your Documents or advice given.

7.2            To read through the draft Documents provided, to confirm that they correctly reflect your wishes as to the distribution of your estate and that the names and addresses of the persons mentioned in your Documents are correct, adding any missing data not supplied at the time of taking your instructions.

7.3            To return the Documents together with any amendments to the Company as soon as possible. If you fail to return the Documents to the Company, the Company shall accept no liability for the draft Documents. The Company shall not be responsible for any delay due to your failure to comply with the above.

7.4            To notify the Company if you do not receive your draft Documents within two weeks of the first appointment, unless otherwise agreed.

7.5            To pay the fee due for the provision of Will Writing Services in full and in accordance with the terms of our invoice.

7.6            If you are having the attestation service, you should arrange for the witnesses to be present at the time of the execution of your Will.

7.7            Once the online data form has been completed a Will or other documents will be produced should details be missing the draft will be produced with this missing information highlighted.

7.8            The client should then return the draft including the missing information with in 14 days. If it has not been provided then a final copy of the Will shall be produced. Should the client then wish to make amendments are standard fee structure will apply

 8.               Client Care

8.1            The Company is committed to providing the Customer with a high quality service. An essential part of that service is that the Company will communicate effectively with the Customer so that they are kept informed of progress.

8.2            The Company maintains a full complaints procedure to which any complaint should first of all be addressed. If the matter is unable to be resolved to your satisfaction you may refer it, in writing, to the Complaints Department, The Society of Will Writers. Chancery House, Whisby Way Lincoln, LN6 3LQ.

The Company complies with the Society’s Code of Practice of which a copy is available upon request.

A customer satisfaction survey is available from your consultant upon request. The survey is also available online at www.willwriters.com/satisfactionsurvey.html.

  9.1 Upon receipt of an online instruction form or paper version this will be considered as your instruction to produce the agreed documents subject to the 14 day right to cancel clause work will not start on your documents until after this period unless you agree to the cancelation waiver.

 9.2 Documents will be produced based on the information provided should this be incomplete you will be informed you then have 14 days to provide the additional information. If the information is not provided the document will be completed with the information available. Payment will then be expected within 7 days. Should you then require amending of the completed documents then the relevant amendment and reprint charge will apply.

  Please read the above terms carefully and ensure you understand them before sisubmiting.

 I/We accept the above terms of business and agree to abide by them and to be bound by them. We acknowledge that we have received a copy of this agreement.

Click here to see a BBC video regarding LPAs  https://www.youtube.com/watch?v=wgJhV5cdEO0   (only 2 minuets long).

....Click here for information on  Storage