Will Writing Services In Isleworth, Middlesex
We make will writing fast, stress-free and affordable.
Will Power’s primary goal is to maximise the inheritance you leave your family.
We have been protecting the futures of local families since 1992 with over 10,000 clients in the community. Our clients consistently rate the quality of our services at 4.5 out of 5 stars. See our reviews on Trustpilot.
Our experienced, accredited consultants are available to talk to you today via telephone or video link.
Business Trusts and Wills
These are for owners who have a business that would have value after death and
whose personal assets exceed the Inheritance Tax threshold or would do once the
business value has been taken into account.
They are designed to mitigate Inheritance Tax (IHT).
Business Assets are not subject to IHT as such, but there is a trap. They do become taxable in the hands of the recipient (normally the widow) if the business is sold after death. This may result in 40% IHT being payable on them.
The answer to this problem is to gift the Business Assets in your Will into a Business
Trust. This is set up by Will Power during your lifetime, with the express purpose of receiving the Business Assets. These are then kept out of the widow's/widower's estate for tax purposes with no possibility of ever paying 40% tax on them!
Every 10 years, however, funds in the Business Trust may be subject to a small IHT charge
(up to 6%) but even this can be avoided (or at least minimised)if necessary.
All in all, Business Wills and Trusts are highly recommended for all those whose Business
Assets would lift the family’s wealth over the current IHT level.
How Much Does It Cost To Make A Will?
For all our will writing services, including more intricate Trust Wills or Lasting Powers of Attorney, we will discuss your specific wishes and requirements with you first and agree the fee with you if you then wish us to draft the legal documents.
What Is A Will?
A Will is a legally valid document that you sign and have witnessed which declares what you wish to happen to your money, property, and possessions, your ‘estate’. when you die.
It may also express your wishes on who should take care of your children (if under 18) when you pass away.
It additionally specifies who should administer your wishes and your estate when you die: your Executors.
What Happens If I Die Without A Legally Valid Will?
If you don’t make a legally valid will the law deems you to have ‘died intestate’. The laws of intestacy determine what happens to your assets on our death which may not necessarily be in accordance with your wishes.
Your family may have to deal with legal complexity and suffer financial hardship as a result, at a time of bereavement and loss.
If you have children under 18 years old, decisions about who will take care of the children and manage their finances, education and living arrangements may be made, which you had not intended.
What Are The Benefits Of Writing A Will?
We Make The Will Writing Process Fast, Stress Free & Affordable
Writing a will can be fast, stress-free and affordable when you receive the right information and step-by-step help from start to finish.
At Will Power our expert, accredited consultants discuss your wishes and offer in-depth assistance to help you make a will that is best for you, your family and your circumstances.
Our expert consultants offer free information and guidance, so please call us to answer your questions.
Fast, Stress-Free & Affordable
Ensure your will is legal
- Sign it in the presence of 2 witnesses who are both over 18.
- Have it signed by your 2 witnesses, in your presence.
- You cannot leave your witnesses (or their married partners) anything in your will.
If you make any changes to your will you must follow the same signing and witnessing process.
If your Will is not legally signed you may as well have not made one.
Ensure your Executors can find your Will
If your family or executors cannot find your Will after you have died, then you will likely die intestate. Find safe, secure storage for your Will and tell your family and Executors where it is stored.
If your Will cannot be found, you may as well have not made one.