3 Simple Steps to get your Affairs in Order

Now the hangover has passed and we are back into daily routine here are three simple things you should sort out in the New Year to keep your AFFairs In Order (thats the origin of the affio name). Write your Will – it should take between half an hour and an hour to do on affio. Print it, sign it in front of witnesses and put it somewhere safe. Tell someone you trust where your Will is! Wills are much simpler than people realise and it is better to have something and come back later and change it than not to have a Will at all. Life Insurance – If you have life insurance make sure it is put in trust. This is a basic piece of paperwork you can get from your life insurance company – its simple and doesn’t cost anything. It will ensure that the life insurance monies go straight to the beneficiaries you nominate and not through your Estate. That will mean there is no risk you will pay inheritance tax on those funds. If you haven’t got any life insurance – its a good idea to get some. Its not that expensive for most people and can make all the difference for your family. Write a short list of your major assets – bank accounts, investments, etc – and put it with your Will. If you are worried about it falling into the wrong hands then don’t put on the account numbers just the name of the account, type of account and the institution or company. It will help your family and executor immeasurably...

Shakespeare kept his Last Will and Testament up to date

A new exhibition at Somerset House in London is shining a light on William Shakespeares life through legal documents and its centrepiece is the bard’s Last Will and Testament. Notoriously Shakespeare left his second best bed to his wife Anne Hathaway – not, it would seem, much of an inheritance for his wife! However her dowry and the right to live in their house in Stratford-upon-Avon during her lifetime left her relatively affluent. While its been almost exactly 400 years since the Bard wrote his Will its clear that the main reasons people make a Will haven’t changed. The bard sought to look after the financial future of his family – principally his daughters and in the final months before his death made a series of sentimental personal bequests to friends and family. In those days these updates were made by quill pen between the lines. Nowadays you can quickly and simply up date your whole Will using Affio’s online service and keep your quill pen for penning your masterpiece.   Try affio's online Will writing service. It's free to start! Click here to...

Budget Update – changes in Inheritance tax for your Will

In his mini-budget on Wednesday George Osborne confirmed that a couple would be able to leave a home worth up to £1million to their children without incurring any inheritance tax. From 2017 a new transferable £175,000 allowance will be introduced for homes being left to children or grandchildren to run alongside the existing £325,000. He said “ the wish to pass something onto your children is a basic, human and natural aspiration” With this in mind then you would think that the majority of people would protect this aspiration by having an up-to-date Will that accurately reflects their wishes. This sadly isn’t the case with most people not having a valid or accurate Will. So while we applaud this long overdue raising of the IHT threshold it will count for little unless people get their affairs in order. At Affio we make it easy, inexpensive and legal to get it done online. Register now and make you Will reflect your aspiration.   Try affio's online Will writing service. It's free to start! Click here to...

Making your Will is an emotional experience

“We must get the Will sorted” is a conversation couples have every few years. It is often prompted by some family event or change in circumstance and may be greeted by one of the parties with an unenthusiastic sigh, after all it all sounds a bit of a chore. What we have found at Affio is that far from being a chore it actually becomes a very positive emotional experience. Think about it like this, you are spending time really thinking about the life you have built and the things you have now that you value, both financially and also emotionally. You are then thinking about those that you love and that depend on you and what gifts you would like to make to them. Forget about death and ‘what if the worst happens’ and think of it as giving your loved one presents that they will remember you for and value. The best bit is you get all the fun and emotional rewards of giving without actually parting with anything. People who have completed the short Affio will-writing process have told us they get this deep warm feeling at a certain point in completing their Will. Why not give it a go and tell us if you experience the same.   Try affio's online Will writing service. It's free to start! Click here to...

If you haven’t made a Will you are in good company…

If you haven’t made a will, you’re in good company — or should I say bad company, because some of the excuses are up there with “the dog ate my homework”. According to some research done last year, more than half the adult population of the UK doesn’t have a will. Reasons why include: it will bring you bad luck, and everyone knows you are bound to die as soon as you so much as think about making one. Then there’s the “I’m a busy person” routine. You just haven’t got round to it. Anyway, you’re too young and time is on your side. Next up is the cost — legal work is always outrageously expensive, isn’t it? You don’t have much in the way of money and possessions to leave to anyone, anyway, so it’s not worth bothering with all that “last will and testament” nonsense. After all, your family will get everything anyway if you don’t make a will, so making one really isn’t worth it. Wrong, wrong and wrong again Sadly, anyone coming up with these reasons for not having a will is very, very wrong. You can’t argue with superstition, but common sense – not to mention medical statistics – will tell you that making sensible financial provision for your family is not among the top causes of premature demise. If you’ve got time to watch the latest TV blockbuster, you’ve got time to create a will. Also, the cost of a simple will will almost certainly be less than what you spend on meals out in a month. And if you need something a...