on 16 January 2015
When you have assets, it is important that you have a Will. This way, you can be sure that your assets will be diving according to your wishes when you pass away. One inexpensive and legal way to create a Will is by making a will online. If you are wondering how to make a will online, simplewills.net is the answer. In just three simple steps, you can prepare your legal Will.
What Do I Need to Make a Will Online?
In order to make a Will online, you need to be mentally stable, over 16 in Scotland or over 18 in England and Wales. You must not be under duress or undue influence. Finally, the will must be witnessed and dated.
Do I Need a Solicitor?
It is not necessary to have a solicitor handle your Will. Most solicitors who do handle Wills do not specialize in them. They are qualified to handle the writing of a Will, however, it is not their specialty. The people who supervise Wills on simplewills.net are specialists in Wills and estate planning. This is the only thing that these people do all day. The people who oversee the wills adhere to the same code of practices and standards as a solicitor would if you were having them create your will.
Why Make a Will Online?
One of the best reasons to create your Will online is convenience. You can create your Will on your own schedule, in the comfort of your own home. If you have any issues while creating your will, simplewills.net offers free assistance.
Can I Avoid Inheritance Tax?
When you leave your loved ones money, property, or personal belongings of value, they would be required to pay tax on the inheritance tax. Fortunately, there are a few ways that inheritance tax can be avoided.
1. Change your domicile: If you plan to leave the country, with no plans to return, you have changed your domicile. When you do so, inheritance tax can be avoided.
2. Marry your partner: If you marry the person that you plan to leave your assets to, there would be no tax due after you die.
3. Make a gift: If you give your assets to your children or grandchildren as a gift, there would be no inheritance tax attached. You can also give a gift with restrictions, without putting it into a trust. This will keep the beneficiaries responsible.
4. Move your pension overseas: If you have a UK registered pension, you can transfer it to a qualified recognized overseas pension scheme (QROPS). This will make your pension exempt from inheritance tax following your death.
What Are the Benefits of Using SimpleWills?
Simplicity: The simple multiple choice questionnaire makes creating your Will simple.
Money back guarantee: You can make a will online at SimpleWills, and there is a money back guarantee if you are not satisfied.
Fixed price: SimpleWills offers a fixed price, and you have an unlimited amounts of re-writes if necessary.
Professionals: The people who work at SimpleWills are member of the Society of Willwriters.
Verification: Every Will which is created is checked by a professional.
Convenient: There is no waiting for an appointment to create your will, and no need to wait for phone calls.
Satisfied customers: SimpleWills have thousands of customers who were satisfied with the final product.
Security: You can have peace of mind knowing that your Will is secure and confidential.
The most responsible thing that you can do for your family is to create a Will. A Will would ensure that your family members are taken care of after you pass away.