Trusted Will Writing Lancashire

Safeguard your wealth and assets for the future of your loved ones. 

Secure lasting peace of mind by creating your will today.

Trusted Will Writing Lancashire

Trusted Will Writing

Why Have A Will?

Secure your property and finances for future generations, ensuring the preservation of your hard-earned wealth within the family. With our writing services.

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Protect Loved Ones

Minimize unnecessary inheritance taxes to ensure the financial well-being of your family and loved ones even after your demise.

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Peace Of Mind

Nationwide writing service across England and Wales with easily accessible storage so you are never have to worry.

Types Of Wills -
Which Is Right For You?

Single Wills

A Single Will Lancashire is a bespoke testament that empowers individuals to dictate the precise distribution of their estate upon their demise. Crafted with meticulous care, our unique and engaging content ensures your final wishes are faithfully fulfilled.

A single will allows the individual to be in full control of how their assets or possessions are divided among family, friends, and charities.

Having a single will ensures that the person’s wishes are respected after their passing.

It also serves as an important legal document that helps to ensure that all of the individual’s assets are accounted for and distributed according to their wishes. Make sure you have peace of mind by planning ahead and be advised on inheritance tax through to lpa services.

Mirror Wills

A mirror will Lancashire, also known as a reflective will, offers a remarkable way to ensure the exact wishes of the testator, or person creating the will, are reflected. Creating a mirror will provides a unique and engaging approach to preserving your legacy.

 

It is an exact duplicate of the original will, and it serves as a backup document in case the original is lost, stolen, destroyed, or otherwise unavailable.

Mirror wills are commonly used by couples who have identical wishes for their estates.

The mirror will ensures that both parties’ wishes are executed according to their desires in the event of death or incapacity.

Property Protection Trust

Welcome to the world of estate planning! Have you heard about the incredible benefits of a Property Protection Trust? It’s a powerful tool that lets you establish a trust, safeguarding your valuable assets from creditors. With this strategic solution, you can ensure the security of your hard-earned estate.

 

The trust holds title to real and personal property (e.g., houses, cars, stocks and bonds) and can be used to provide financial security for the beneficiary or beneficiaries of the trust.

Property protection trusts Lancashire are often used by individuals who have accumulated significant wealth, such as doctors or business owners, who want to protect their assets in case they become liable for lawsuit judgments or must file bankruptcy.

Property protection trusts also allow individuals to pass on valuable assets without having them subject to probate.

Update Your Will

Ensuring that your wishes are fulfilled according to your current circumstances, updating your will is of utmost importance. This professional step guarantees that your legacy is preserved exactly as you desire.

 

If there have been significant changes in your life, such as marriage, divorce, the birth of a child, or the death of someone named in the will, it is important to update the document so that these changes can be acknowledged.

Additionally, if you move house or change jobs and acquire new assets, you may also want to amend your will so that it takes account of any new assets acquired since it was last drafted.

Nil rate Band Trust

Introducing the Nil Rate Band Trust Lancashire, a powerful estate planning tool designed to minimize the Inheritance Tax (IHT) liabilities on your estate upon your passing. Ensure your wealth is preserved for your loved ones with this strategic and effective solution. Contact us today to learn more about how this trust can benefit you and your family.

 

It works by making use of the nil rate band which is the amount of money that can be passed down tax-free.

This amount changes from time to time but in 2020 it currently stands at £325,000.

By creating a trust and placing assets up to this value into it, they are protected from IHT when the settlor dies.

The settlor can also specify how and when any income or capital gains generated by these assets should be distributed after their death. This provides some extra tax flexibility and ensures that a legacy will be passed to beneficiaries as intended.

Discretionary Trusts

This is a unique and engaging setup where designated individuals hold assets or property for the benefit and advantage of others.

They are used to protect and manage assets on behalf of an individual or group of people, such as family members.

The trustee has the power to make decisions about how to use trust assets at their discretion, with the main purpose being to provide for the income and estate planning needs of the beneficiary.

Discretionary Trusts Lancashire can help families structure their assets in a way that minimizes taxation while protecting those assets from creditors or other claimants.

They can also help ensure that assets pass quickly and easily to beneficiaries upon death, making it easier for families to plan ahead and avoid probate court.

Flexible Life Interest Trust

The Flexible Life Interest Trust Lancashire, opens up new possibilities for safeguarding assets from creditors while still providing access to them. With this innovative trust, individuals can enjoy the benefits of asset protection and financial flexibility in a unique and engaging way.

 

It can also provide tax savings and protect the assets from future generations. The trust beneficiary has the right to receive income and capital from the trust, without necessarily having full control over it.

This makes it a great option for those who wish to maintain flexibility over their finances, while also providing protection for their assets.

A Flexible Life Interest Trust is particularly beneficial for those with high net worth individuals who want to leave something behind for their children or beneficiaries but don’t want them to be able to take full control of their estate.

Life Interest Trust

A life interest trust Lancashire, uniquely created for you, is a type of trust intelligently designed to provide you with access to the valuable assets held within it. With this trust, you hold full control over the destiny of these assets, ensuring your wishes are fulfilled even after your lifetime.

 

This type of trust typically provides for the beneficiary to receive income from the trust during their lifetime, with any remaining assets passing on to another designated beneficiary or beneficiaries upon their death.

Life interest trusts are often used as part of estate planning and can help ensure that an individual’s wishes are respected after they pass away.

They can also be used to protect assets from creditors and provide tax benefits in some situations.

Life Settlement Trust

A life interest trust Lancashire, offers a compelling solution for individuals seeking to secure their assets and retain control over their distribution after passing away. With this trust, you can enjoy continued access to the held assets while ensuring their seamless transition according to your wishes. Experience the peace of mind that comes with a well-structured and personalised estate plan.

 

By transferring ownership of the policy to a life settlement trust, the policyholder can receive funds from the sale of their policy before they pass away.

This gives them access to liquidity at any point in their lifetime without having to surrender the coverage of their policy.

Life settlement trusts are often used by senior citizens who are looking for a way to generate extra income, cover medical expenses, or pay off debt.

Residency Trust

Discover the remarkable advantages of a residency trust, a strategic entity that empowers individuals to establish a legal residence in a foreign jurisdiction, benefiting from tax advantages – all while ensuring compliance with the regulatory landscape of their home country. Explore this highly effective solution and unlock new possibilities for your financial freedom.

 

It can also be used to provide protection from creditors or protect assets from the claims of potential litigants. Our will writers can help protect your family members.

Residency trusts Lancashire are often used by high net worth individuals who wish to benefit from the more favorable tax regimes offered by certain jurisdictions, such as offshore havens.

In addition, residency trusts can be used to maintain privacy, as the trust does not need to file any public information regarding its beneficiaries or trustees.

Why Choose Trusted
Will Writing Lancashire?

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Trusted

One of the UK’s most popular and trusted Will Writers Lancashire. Complete confidentiality & privacy. We explain will options to you with zero jargon.

Simple, upfront prices
No last minute bills or surprises. Safe, up to date accessible filing options. Free consultation with will writers

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Legally Binding Documents. Years Of Experience creating the perfect solution for you. Insured and accredited For peace of mind. Safe Options and professional advice. Advice For All Aspects of Finance. Open & Honest Advice for estate planning.

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Local

We have offices up and down the UK. Home Visits Available for clients.

Evening Appointments available.

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Trust Will Writing Lancashire FAQs
Why Have A Will?

Creating a will is a vital aspect of planning for your future, and it remains even more crucial after your passing. Our team of trusted will writing professionals is here to assist you. Trust us to provide you with unique and engaging content tailored to your needs.

Having a will in place can help to ensure that your wishes are respected and followed, which can provide peace of mind for both you and your family members. and avoid inheritance tax issues regardless of your personal circumstances.

Speak to one of our will writers today we offer a professional service, with no jargon.

A properly written will can also help to minimize any potential conflicts among those who may be receiving assets or other items from the estate. Additionally, having a valid will helps to make sure that taxes are paid on time and accurately.

Ultimately, having a well-crafted last will and testament is one of the most effective ways to protect yourself and those who matter most in life and making sure your final wishes are carried out.

Do You Need A Will?

Making a will is the most absolute way to protect your loved ones and give them a piece of mind at a difficult time.
Death is vicious – we are all going to die someday. If this happens while you are will-less, besides the grief, the people you care about may experience a terrible financial nightmare.

Trusted Will Writing are here to help you.
Planning for death may seem uncomfortable; you should consider how worse the situation would be if you were incapacitated or dead due to old age, illness or accident without sorting it.

It is very important for you to know that regardless of your age if you have assets such as savings, a house, and business or perhaps people you would like to take care of, you should consider making a will.

HOW DO YOU WRITE A WILL?

The assets that usually combined into estate planning are:

  • Motor vehicles
  • Businesses
  • Properties & Household
  • Furniture
  • Savings & Bank Accounts
    Shares etc
  • Insurance
  • Pension Funds
  • Personal Belongings registered under your name

Then calculate the amount of debt you have. Debts may be a mortgage, a bank overdraft, a credit card balance, loans or equity release.

These assets should be valued on a regular basis since their value keeps changing over time.

THE THREE MAIN FUNCTIONS OF A WILL:

To point out your executors you need to identify a trusted and responsible friend to execute the whole financial process after you pass away.

To allocate your estate You have to define how your estate will be shared amongst those you leave behind.

To mitigate inheritance tax In case you pass away without a will, there are stringent laws regarding whom and how your estate is shared.

Take the first step today and book your consultation. 

NOT HAVING A WILL IS NOT AN OPTION?

Making a will can even ensure that those who inherit can make savings on inheritance tax while guaranteeing that your final wishes will be carried out.

When it comes to getting a will, it makes sense to get a cost comparison to make sure that you are getting the best value for money.

Trusted Will Writing compares the market, saving you time over visiting every website while making sure that you won’t pay more than you have to.

Trusted Will Writing are an institute of professional people that will show you all your options and assist clients to get a valid will that meets your needs at a price you can afford.

MOST COMMON THINGS TO CONSIDER IN A WILL
life interest
Children

If you have children or stepchildren under the age of 18, it is important to allocate funds and designate a guardian for their care. Estate planning plays a crucial role in ensuring their well-being.

flexible life
Divorce

If your former partner decides to remarry, it may be prudent to consider updating your will to ensure that your assets are appropriately accounted for. Make a point to contact us today for expert advice and guidance on this matter.

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Property

If you have a mortgage as ‘tenants in common’, it is vital to determine the destiny of your portion of the property.

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