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It is never too early to start making plans for our later life. For most of us, retirement is accompanied by a reduction in our income. Moreover, as we grow older, we are also more likely to suffer from ill health, which can have a dramatic effect on our financial situation. In order to shield our loved ones (and the assets that we have accumulated over many years of hard work) from the effects of this, we should all take proactive steps to create a protective framework.
— Jules Jack

jules and 40rty

40RTY provides a range of products and services designed to help you plan for your own or a loved one's later life. You may not wish to think or talk about this and in the past, neither did I. 

I'm Jules, 40RTY's founder. I've had a lot of experience planning for tomorrow; my mother was diagnosed with colon cancer in 2006 and my father passed away from prostate cancer in 2013. It was during this period and especially after organising my dad's funeral that it became obvious how few of the people I know had either made a Will, put in place power of attorney, had considered inheritance tax implications on their estate or were prepared for the financial cost and administrative burden of a funeral. 

40RTY can help you put together comprehensive plans for end of life. We'll help you make your Will and if applicable for your estate, the use of Trusts, discuss the importance of Lasting Powers of Attorney, and again, if applicable, help you to minimise your Inheritance Tax liability. Also importantly, we can help you with a Funeral Plan, helping to negate the spiralling costs of funerals.

 

The will bureau

As well as being the owner of 40RTY, I am also a consultant for The Will Bureau.

The Will Bureau (TWB) is a specialist Will writing firm, established in 1991.  TWB offers the highest level of legal services available in London, coupled with a high level of customer care and commitment to helping individuals meet their long-term estate planning goals. TWB is also a member of the Society of Trust and Estate Practitioners (STEP).  

TWB services also includes: Inheritance Tax Mitigation, Business Succession Planning, Lasting Powers of Attorney, Living Wills, Storage Service and a Will Reviews

We can visit you at your home or workplace and also offer evening appointments.  There is no fee for this meeting, however, usually we visit clients with the expectation that they will proceed with a Will.

 

Level 1 – Straight Forward Wills With No Tax Planning

For 30% of TWB clients, tax planning is not an issue and we offer a standard comprehensive Will. This enables you to appoint executors, name guardians for children and allows for choice with regards to the distribution of your estate. Level 1 fees start at £275 for a single Will, discounted at £475 for a pair of Wills for a couple.

 

Level 2 – Tax Efficient Wills Incorporating Discretionary Trusts

40% of TWB clients typically have an estate valued between £750K and £1m and so require  some inheritance tax planning. We can ensure that inheritance tax savings of over £100k are achieved by these Wills.

 

Level 3 – Tax efficient Combination Wills

For 30% of TWB clients where the estate is significant, tax planning is often the driving force behind their decision to make a Will.  Once an estate is in excess of £1.5m we offer sophisticated Wills that can save hundreds of thousands of pounds in inheritance tax and shield assets from other perils such as divorce or bankruptcy.

 

If you feel you may fall into Level 2 or 3 category please let me know and I’ll send you a guideline of those fees.

 

Fees

Fees are subject to VAT and are also agreed with you in advance of doing any work. Your options and the fee structure will be explained fully during a meeting.

 

Healthy Ageing

But it's not all about bad or sad news! Although death for all is inevitable, most of us have some level of control as to the quality of life up until our final end, if only we would give it some thought.  As time goes by, you'll find a wealth of information on the blog to help  you to live a longer, and importantly, healthier life.