The Tax benefits of giving to charity

The Tax benefits of giving to charityWhen people make a Will, they often think about leaving a bequest to their favourite charity but what you may not know is that there can be significant benefits to leaving money to charity in your Will.Leaving money to a UK charity in everyday life is, of course, tax-free and this exemption extends to any gift that is included in your WillHow inheritance tax is affected by charitable givingThere are two main ways...

The common mistakes people make when they don’t make a will.

Mistakes people make when they don’t make a will If you haven’t made a will then you may think that all of your money might just automatically go to your partner but nothing could be further from the truth. In fact, there are strict laws that set out how assets should be distributed upon someone’s death if they haven’t made a will. Passing on without a will or intestacy as it’s called in law is unfortunately quite common but it can cause...

Rules of intestacy

What happens if I die without a Will? Dying without a valid Will in place can mean that your estate passes to people whom you wouldn’t necessarily have chosen to leave it to. It can also have far-reaching effects on your family, their finances and the care of any children left behind. Rules of intestacy If you die without a Will then the rules of intestacy apply to everything you owned. These state that your spouse or civil partner, if you have...

Do you have workplace life cover?

Putting a valid Will in place while you are young can be of help and comfort to your loved ones should anything happen to you. Using our simple will writing app means that you can easily create a Will to ensure your estate passes to those you choose. Taking control of your assets You might not think that you have much in the way of assets when you are young, but if you die without a Will then what you do...

Appointing Guardians

Appointing Guardians For Your Children - What Parents Need to Know Passing away isn’t something a lot of people want to think about too early in their lives. It isn’t an appealing concept by any means. But when you have children, and they need to be protected regardless of what happens to you, contemplating your mortality becomes necessary.If you die while your child or children are under the age of 18, the state will appoint a guardian. Writing your online...

Are you and your partner joint tenants or tenants in common?

What are the types of property ownership? There are three main types of property ownership, sole owner, joint tenants and tenants in common. Sole Ownership If a home is owned by only one person then it is registered as a sole owner. If there is only one owner on the property then that owner can create a will which will include a provision on who to gift the property to in the event of their death. Joint Tenants A jointly owned property is a...

Protecting your home from care costs

 We all get old. It's an unavoidable part of life - people age and can often develop illnesses that can be challenging to overcome. To deal with the fact that age can bring it with a selection of issues, a lot of people choose to go into care homes. The only problem with this course of action is that you’re going to find that care homes can cost a lot of money. Many find that they have to put their...

Our online identities, what happens to them when we die?

What happens to our Identities when we die? Facebook is part and parcel of our lives and one thing about Facebook is that no matter whether we are alive or dead, our profiles are still always going to be there. In fact, it is thought that by 2100, there will 4.9bn profiles on Facebook that actually belong to those who have passed away.One of the main benefits to having a Facebook profile that is always going to be around, is...

Have you ever wanted to travel into space?

Now you can! But don't get too excited as it will be after you pass away... But what a way to go! Smart Will can arrange for your ashes to be scattered into space when you write your Will on the Smart Will Phone App. And to celebrate the 50th anniversary of the moon landing, Smart Will are giving away 5 Wills completely FREE worth up to £119 each and all you have to do is like our page. (Winners...

Calling all NHS employees!

Writing your Will this weekend was probably not high on your priority list, but if you're an NHS worker, it should be. That's because Smart Will is giving all NHS staff a huge 55% off their lifetime Will writing service this weekend only.Smart Will users can update their Will anytime, anywhere, for life on any iOS (iPhone) or Android device.With the 55% discount, NHS staff pay just £35 for individual Will, and £53 for a mirror Will (for couples)....