Finances

When a loved one dies, the first order of business is to locate the will. If a will cannot be found, family members must search for the will. Whether you need help preparing a will or probate solicitors in London to guide you through the probate process, the solicitors at SCL Wills and Probate can assist you.

In order to make sure your wishes are known and reduce stress for your family in an already difficult time, it is important to have a will in place and let your loved ones know where to find the will. You can find additional information about the will writing services offered by SCL Wills and Probate at www.sclwillsandprobate.co.uk .

The Process of Making a Will

Although it is possible to write a will on your own, there are many factors to consider and having the advice of solicitors specialising in wills can be helpful. A solicitor can advise you about the laws, suggest ways to minimise the inheritance tax paid on your estate, guide you through the process of making a will, and even store your will.

There are many factors that should be considered when making a will. Your will should address the people you want to inherit your property, money, and other possessions and name an executor to sort out your estate. If you have minor children, you should name a person to look after the children for you. You may also want to decide what will happen if the people you have chosen to benefit from your estate die before you.

Some estates are relatively simple and straightforward, but other situations can be complex. A solicitor can offer advice for these situations. You may want to get the advice of will and probate lawyers if you share property with someone who is not a spouse or civil partner, want to leave money for dependents who are unable to care for themselves, own a business in the UK, have property or a business overseas, or have family members who may make a claim on your will, such as children from a prior marriage.

When you take the time to make a will, you also want to make sure the will is legally valid. In order for a will to be valid, the person making the will must be over the age of 18, be of sound mind, and voluntarily make the will. The will must be in writing, be signed in the presence of two witnesses above the age of 18, and have two witness signatures. The witnesses must sign the will in your presence. The witnesses cannot be people who will benefit from your will.

Changes in life may require changes to a will in the future. For example, if you get married, get divorced, have children, or other changes in your life situation, you may want to change the people who will inherit your property and assets. This can be done by creating a codicil to your existing will. A solicitor specialising in wills can help you make the necessary changes.

spend less drivingAs kids, we’ve always dreamed of growing up into the cool adult with the nice car. We soon discover that dream cars are a dream for a reason: they are expensive. Now, you’re all grown up and still dreaming of that vehicle. But a car lease may be your solution.

How to get a car

These days, it is so easy to get a new car. If you’re looking for a used one, there’s plenty of online sellers who can give you a good deal for one. But the risks is that you don’t know what they did to the car or if anything is wrong with it.

That’s why others opt to get a car loan, wherein a bank or a finance company pays for the car, and the buyer makes the monthly payments. And of course, the car lease.

The car lease is the most enticing of it all because it guarantees a working vehicle for a fraction of the cost compared to car loans. But is it for you? Here are a few pros and cons of leasing that can help you decide if you should take a loan or a lease. ...continue reading

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prepare your taxesWith 2018 just around the corner, tax season will be here before you know it. While April 15 is a dreadful day for many Americans, it doesn't have to be that way if you think ahead and prepare your taxes now.

Here are eight ways to prepare your taxes now for next year.

Ask Questions

Do you plan on filing taxes on your own or paying a professional to do it? Do you owe taxes for this year or past years? Have you gotten married or had a child? These are all questions that should be asked to help you prepare your taxes now.

If you are an independent contractor or self-employed, there are a few more questions you should ask yourself as far as your business is concerned as well. Do you have any employees? Did you put mileage on your car because of your business? These are just a few of the questions to ask to make sure you are getting ahead of the game.

Know How You Will File

Are you single, married, or filing jointly? Do you have any dependents? Knowing how you will file can make filing a lot easier when the time comes. You will know how much to withhold from your paychecks based on your allowances.

You'll also roughly know how many deductions you qualify for based on members in your household. ...continue reading