Jack Baker is 19 years old and into risky sports such as Bungee jumping. His parents have recently rewritten their Wills and he has learned that without a Will, if he dies any thing he owns will go to them. As they live in a £200,000 house and have other assets (taking their estate over £255,000). Willmakers pointed out that if they receive his money it will add to their estate and be subjected to Inheritance Tax when they have both died. It would be better therefore if, for the time being it was left to their other children. Jack decides therefore to have a Will leaving everything to his brother Jim. So if you Know a Jack Baker Tell him to contact Willmakers
Jill Faulds is 18 and hasn't yet met Jack Baker. Her family is reasonably well off, so why does Jill need a Will? She is very keen on animal welfare. A friend of hers recently died. Knowing that her parents do not need any money she may have, she decides to write a Will leaving anything she does have to an animal charity. So this is Jill who needs a Will So if you know someone like Jill Faulds tell her to see Monty Knight-Olds Just as if you know a Jack Baker Tell him to see Willmakers.
Jack and Jill met at University. Jack is now 22 and Jill 21. They are living together in a flat owned by Jack (subject to mortgage). They have no plans to marry yet but Jill is pregnant. If either of them die, what they own will belong to Baby. That presents complications if Jack should die. The flat will belong to Baby and cannot be sold easily. They should have Wills. They should also consider a Cohabitation Agreement if not marrying in the near future. Jack and Jill both need a Will So if you meet a Jack Baker Put him in touch with Willmakers
As I said when I introduced Jack Baker, he is into risky sports. To protect Jill, he arranged Life Insurance and arranged special accident cover; his father knows a solicitor in case he needs to sue anyone for negligence and he saw Willmakers for a Will. He thinks he has done enough despite other recommendations. So off he goes hang-gliding. And what happens? He has an accident - in a coma for days. What if it had been for a long time? It's expensive to try and act on someone's behalf without an Enduring Power of Attorney. Perhaps he should have said yes when offered one by Monty at Will Writing time. Jack And Jill went up the hill to do a bit of hang-gliding Jack fell down and broke his crown and now Jill thinks he's dying. Jack in a coma lies Will he from it rise But Jack pulls through no need to sue Recovering from that awful journey Jack sees he needs a Power of Attorney And Jill needs some peace of mind so Jack needs to be very kind Jill is soon in seventh Heaven Jack's rung Maidstone 01622 739657 So if you know a Jack Baker please tell him to see Willmakers
Jack, parents Ted & Lillian Baker have just been to France, where they have bought a property to use as a holiday home. Ted & Lil need to rewrite there Wills. Why? Immoveable foreign property such as a house should be covered by a local Will. Their English Wills need to state that it excludes the French property; and they need a French Will that covers just the French property. Without that, following death the English Will has to be translated into French and then proved in a French court. - very expensive! Much better and cost effective to rewrite their English Wills and write French ones. So if you know anyone owning foreign property, they should see Willmakers. If they own a French home or one near Rome Before he's dead Mr Baker - that's Ted and his wife Lil need to rewrite their Will Before they meet their Maker they should meet Willmakers.
3 years on, Jack and Jill now live in a jointly owned house, are married and have 2 children. Have they rewritten their Wills? Marriage cancels a Will, unless it contains a clause indicating that it is written in anticipation of that marriage or conditional on that marriage taking place. On the death of one the house will pass to the other as jointly owned. But if they both were to die who would look after the young children. To prevent arguement between the families a Will can be used to appoint guardians to any child under 18. Jack and Jill need to rewrite their Wills. To avoid trouble and strife remember a Will is for after life Before they see their Maker Jack and Jill should see Willmakers.
Often couples have asked me how to ensure that their children will receive at least half the value of their property. It is fairly straightforward but needs specialist advice. Most couples own their houses jointly so on the death of one it belongs to the other. Therefore if the survivor remarries it would end up with the new spouse unless a fresh Will is written. What can be done is 'Sever the Tenancy' so that each party owns half the house. Then via the Will each can grant the other a life interest in the property with their half ultimately going to the children. That protects half the value of the house for the children. To put it another way with our friends Jack and Jill. Some relations of Jack and Jill are Auntie Nancy and Uncle Bill Please do not laugh They want to split the house in half! Bill said to his wife Nancy We need to sever the Tenancy Nancy replied to husband Bill Then we need to rewrite our Will So an appointment makes Bill Baker with your friendly Willmakers
A friend of Jack and Jill has been in intensive care in hospital - now thankfully discharged it made her and her husband think about the future: what if she had died intestate (without writing a Will). Whether you are called Phil Or Bill or Jill If you're very ill Needing more than a pill It's quite a small bill To pay for a Will And you will find Some peace of mind If before you go to Heaven You ring Maidstone 01622 739657
A friend of Jack's parents owns a thriving shop. In course of conversation, he was prompted to the fact that the Will he has is several years old and circumstances have changed. He made an appointment with Willmakers and found that he should have business clauses in his Will (there are different clauses depending on whether the business is under sole ownership, partnership or a private Limited Company). What he had not appreciated was that unless the executor's had power to continue trading, then as the sole owner, the shop should close. That would mean a loss of business followed by loss of goodwill. Within a short time the business would be valueless and only be worth the value of the shop premises. Willmakers could provide suitable clauses for the business to continue running pending sale and thus be worth more to his heirs. A small extra fee was charged for these clauses and the advice, but the Will was now a business expense rather than a personal expense. If you own a shop Do think and stop And pay a fair bill For a business Will
Jack's boss is a millionaire. He wants to know how to ensure that his wife has enough income and yet reduce the incidence of Inheritance Tax. The problem is one does not know, usually, when one is going to die. Will the Stock Market be up or down, will one be richer or poorer and what will the exemption threshold for Inheritance Tax be at that future time. A flexible Will is called for using a 2 year Discretionary Trust. Willmakers will charge an extra fee for the advice and clauses but the saving in Inheritance Tax could be substantial (up to £102,000 as at April 2003). Whether you are poor or rich You don't want any glitch Avoid trouble and strife A Will is for after life So before you meet your Maker Ensure you meet Willmakers.