April 30, 2017
Are you aware that more than half of the adults in the UK are yet to write a will? Considering the detrimental effects that not having a will can have on your loved ones this is a shocking result.
Our Bespoke Support Network team understand the upset that can be caused when a family is left without a will in place. It may seem like the easy option to put off preparing your will for another day as the process seems long and complex. However, our team of experts will take the hassle out of will writing and offer you advice and guidance alongside the entire process.
It’s easy to become overwhelmed with all of the processes involved in wills and estate planning but we can assure you it can be a simple and stress-free experience. To make your life easier it can be a good idea to prepare a checklist of things to consider when writing your will, ready for your meeting with our advisors. Below is a list of things to think about:
- Debts – You will need to make a list of the amount and type of debts that you may owe. This will include credit cards, mortgages, equity loans, student loans and personal debts.
- Assets – Consider all your assets including real estate, bank accounts, retirement accounts and any valuable personal property you have.
- Beneficiaries – Think about the people you would like certain assets to go to and which members of your family you wish to inherit from your estate. You can include friends, relatives and even organisations that you believe have contributed positively to your life.
- Executors and guardians – Another important decision will be choosing the executor of the will. This could be a family member or loved one that you know will be able to deal with financial matters and the added stress of sorting through your will. If you have minor children you will also need to consider who you would like your guardian to be. It’s good to think of a couple of options in case your first choice is unable to serve at the time.
If you think that you are ready to prepare a will and want to make the next step, contact our team of experts today. If you are living in we are the perfect team for you.
April 28, 2017
When you decide to write your will, it’s not very often that you think about the possibility of this document being challenged by a member of your family once you pass. Therefore, it’s so important to take the time to write your will correctly and think about the consequences that it could have on certain family members.
Here at Bespoke Support Network we understand the issues that can arise should someone wish to challenge your will. We also understand how and why this could happen, so here are our tips to protecting your will from being contested.
- First things first it’s important to word your will carefully. You need to make sure everything is clear and where necessary, it revokes any earlier wills you may have written.
- If you want to exclude a certain family member or loved one you will want to provide detailed reasons as to why you have done so. This will help to protect your wishes should they want to contest your decision in the future. If needs be you could always prepare a ‘letter of wishes’, which can be used to explain the reasoning behind certain choices to someone if you wish to keep it private.
- A very simple tip but crucial all the same is that you will need to make sure that your will meets the requirements of section 9 of the Wills Act 1837 and that it’s signed and witnessed correctly.
- Where you can it’s important to minimise the risk of someone accusing you of being unduly influenced in the process of writing your will. To do so it helps if you arrange the appointment with the will writer yourself and ensure that when you go to each meeting and sign your will, no one that will benefit from your will is there at the time.
- There could be questions raised should you be working beyond your means. Our advice is for your GP or doctor to provide written evidence as to your capacity, which will help to prevent issues arising in the future.
Here are just a few of the things you should remember when preparing your will. If you need some further advice or wish to write your will today, then get in touch with a member of our team at Bespoke Support Network.
April 28, 2017
Are you running your own business? Then you most likely don’t have time to be rushing around running errands and other miscellaneous jobs. A virtual personal assistant can save you important hours in your working week, meaning you can spend more time growing your business.
Most virtual assistants will be employed through a contract or freelance contract that run your administrative tasks from their own office, much like an executive assistant or secretary. Here are some of the jobs Bespoke Network’s virtual PA’s could do for you:
One of the most popular things a virtual assistant can do is keep tabs on your bills and other bookkeeping matters. A lot of small businesses choose to share their bookkeeping systems with their virtual assistants who can follow up on tasks such as outstanding invoices or unpaid bills.
Maybe you’re heading to a meeting and need research carried out upon the company you are greeting, the place you’re heading or possibly you would like help vetting potential employees, in which case a virtual P.A. could help! A virtual personal assistant would be able to carry out Internet research for these jobs and more on your behalf.
Whether you have incoming information for existing contacts or you are organising an event for clients, our virtual PA’s are fantastic at managing your current database.
Don’t waste valuable time organising and managing your own emails, our virtual assistants will filter your most important emails and respond to the rest on your behalf. For our team, this type of email management is easy to do remotely but we recommend you provide strict guidance to ensure that you get exactly what you want as everyone likes their emails handled differently.
Could you be in need of a virtual PA? Bespoke Support Network has a team of organised and professional virtual personal assistants who are able to manage all of your administrative tasks for you. To speak to one of the team, call 0300 303 3441.
April 24, 2017
No one likes to think about death, especially your own passing! But isn’t it in your best interest to make sure your family’s future is safe? That’s why you’re in need of a will!
Bespoke Support Network’s team of will writing experts has put together a list of tips to protect your families’ future in your will:
- Make sure you choose your will writers wisely. While DIY Wills are available from local stationary shops and online, writing your own will can bring lots of problem and numerous errors in the future. With one in five wills in the UK being invalid because of DIY solutions, badly drafted wills can cause further expense to your family who will have to contest your invalid will.
The best will writers are qualified solicitors who are experts in their field with years of experience in writing wills.
- Remember to choose the right executors. As an executor they will be responsible for exercising your will exactly how you wanted it to happen. This role comes with lots of responsibility and is extremely demanding as they deal with large sums of money and important decisions. When you are writing your will, you will be asked to appoint executors (one as a substitute executor), but make sure you ask them before you give them the role.
- Make sure to leave specific legacies to certain beneficiaries. From a grandfather clock or wedding ring, family heirlooms or valuable items are important to you and most definitely your family. That’s why you should leave these items as a specific legacy to a named beneficiary.
Still not sure how to write your will? Don’t join the growing number of adults who do not have a will written; in fact 60% of adults in the UK do not have will.
Bespoke Support Network can offer you advice and guidance for this process and put you in direct contact with trusted professionals. BSN have a number of will writers in Essex who can assist you in writing your will this year.
For more information on our services please contact a member of our team or visit our website.
April 22, 2017
What is a VAT return?
A VAT return is a form you fill out for the HMRC, which is usually taken four times a year. It is used to show the HMRC how much VAT you are due to pay them during the year, meaning if you aren’t registered for VAT, you will not file for VAT returns.
Your form should summarise the sales and purchases of your company and the VAT relating to them. This includes your sales total and output tax, which is the VAT, you charged on the sale of these goods.
How to file your VAT return?
You can file your VAT return through the HMRCs own website, or can use our qualified accountants to help you fill and submit your tax return.
Our team of expert accountants is here to aid your business in more ways than one. Not only do we aim to keep a perfect set of accounts, we are here to add value to your business and advice any of your business financial decisions.
We work on a fixed fee basis so you know what you are getting from our team and mean you will not get any unexpected surprises working with Bespoke Support Network. Whether you have a turnover of £1.00 or £20,000,000, we promise to dedicate the same high standards of service to all our customers.
You will find working with one of our professional and qualified advisors, they will get to know you and your business before helping you through any tough financial decisions you make.
Once you are working with us and we understand you and your business, you will have your own personal accountant who can solve any queries you may have.
To speak to one of the team here at Bespoke Support Network about your VAT returns, contact us.
April 20, 2017
An increasing number of people are turning to do-it-yourself wills as a cost-effective way of protecting their family in future. While these DIY wills may seem like the cheap (or even, free!) option to drawing up your will, more often than not, these inexpensive will kits can cause more problems than they solve.
Due to a lack of advice, DIY wills are often riddled with mistakes, most commonly failing to be signed and witnessed properly, leaving them invalid. If this is the case, once the individual has passed the Will will not be executed and therefore, the Rule of Intestacy will be used instead.
The Rule of Intestacy is applied when an individual dies without leaving a will in place, or if they have passed without leaving valid will. The Rule of Intestacy means that your estate will be divided according to these rules, without taking into account what your previous intentions were.
In short, under the rules of intestacy your estate will be divided to your spouse or civil partner, who would only receive a specific amount of your assets. This currently sits at the first £250,000 plus half of everything above that amount, the rest of your estate will go to any children or grandchildren. Trouble strikes if you have ever informally separated, as they may still inherit your estate, despite you not wanting them to.
If you have no children, grandchildren or great grandchildren, your partner will automatically receive all your estate.
However, if you are left with no remaining living relatives, you estate will pass to the Crown Court, known as Bona Vacantia. The Treasury Solicitor will be responsible for sorting out your outstanding estate.
There is a chance you and your family can appeal against the execution of your will. By making a deed of family arrangement or variation, you can rearrange the way property is shared out when someone dies without leaving a will. People who would inherit under the rules of intestacy must agree, before the property can be shared out a different way so that people who didn’t benefit from the Rules of Intestacy will now profit.
While Bespoke Support Network hope you’re not in this situation, we understand how complex and difficult writing your own Will can be and how easy it can be to fall into the cheap, DIY Will kit trap. Why not let our expert Will writers take care of that job for you?
For more information about how we can help, get in touch with our friendly team of qualified experts on 0300 303 3441
April 18, 2017
Are you looking for professionals in marketing, administration and finance for your business?
Bespoke Support Network offers access to professionals in all these sectors; all you need to do is call!
Our team at Bespoke Support Network will select the perfect marketing team, administrators and financial advisors for your business, after strict due diligence tests for each firm. Once we understand your needs, we will put them in touch with the experts in the respective field.
We understand how fabulous the Bespoke Support Network team are, but here are our reasons why we think that you should use us:
Our team will be prompt to respond to your needs, making sure you have access to our directory of qualified clients exactly when you need them.
Before we partner with our professionals, they must partake in our strict in-house due diligence tests in order to prove they have your best interests in mind. That means anyone who has passed out high standard test is of an exceptional quality to work with Bespoke Support Network. Not only do we test our providers, we also regularly review their progress and work to make sure their standards remain at a high quality.
Easy and Simple
While clicking over to Google may seem like the right answer to your problems, you may sign up or buying into something you weren’t expecting or that you didn’t want. Bespoke Support Network’s friendly yet professional team work even better than Google to find your perfect match, finding high quality professionals to represent your business.
If you’re busy running a business, you don’t have time to be finding the perfect marketing agency, administration services and financial advisors for you and your business. Bespoke Support Network take the stress of finding people to work with out of your hands, and put it into the trust of our expert team. We will find you the perfect provider to work with and set up first contact in a professional and timely manner.
Don’t just take our word for it; try Bespoke Support Network’s expert service today. To speak to a member of our team, call 0300 303 3441
April 16, 2017
According to the charity Will Aid, 53% of people across the UK don’t have a will in place. Writing a will may not be the first thing you think off when writing out a to do list, however it’s important to remember that without one it could cause a whole host of issues in the event of your death.
Here at Bespoke Support Network we understand the importance of writing a will and having that document in place for when you do pass. Here are some of the most pressing reasons to write your will today.
- When a loved one passes away it’s already a very stressful and upsetting time for everyone involved. By writing a will you are leaving a plan in place to make it easier for your loved ones. It takes the pressure off of the situation and they can be left feeling relieved that your wishes are met.
- Without a will the rules of intestacy come into force, leaving your assets and estate in the hands of the government. The guidelines dictate what should go to who and how things are divided. This could end up leaving some of your closest family and friends with nothing why distant relatives benefit.
- Following on from the last point, without a will you could find that your spouse or civil partner are left with next to nothing. In these cases, the amount given to the spouse or partner is restricted. For those that rely on your income this can cause detrimental financial issues.
- Your will can help reduce the amount of inheritance tax payable on the money and property that you leave behind.
Not only is it important to write a will but it’s also vital that your will is correct. It needs to be both up to date and completely legal. Therefore, it’s important to have your will written up by expert will advisors.
Bespoke Support Network can offer you advice and guidance for this process and put you in direct contact with trusted professionals. For more information on our services please contact a member of our team or visit our website.
April 13, 2017
Here at Bespoke Support Network we offer a unique service that allows you to have a streamlined approach to professional services, ensuring direct contact with trusted businesses.
Over the years, we have become so reliant on Google and other search engines to do the work for us. Many are still using price comparison sites to find the ‘cheapest deal’ when in reality, you’re only signing up for a service that isn’t quite right or what you expected in the long run.
Below are some of the services that Bespoke Support Network offer to give you a better insight in how we can help you:
Financial Advice – Our financial advisors can help with any concerns you may have. From Life Insurance to pensions to tax free savings, we will help you protect what you’ve worked for.
– Did you know that less than half of the UK have written a will? Every year millions of people are left with nothing once their spouse or partner have passed. Protect your loved ones today with our help.
Accountancy – Our expert contacts in accountancy can offer advice and guidance on managing accounts for a start-up business, tax returns or even payroll. By organising your accounts from the start, the process will be easily managed and become stress-free in no time.
Insurances – Sometimes without making a claim you never understand the importance of having insurance in place. It can be key to a successfully smooth running home life and business.
Marketing – Marketing can be a very time consuming process but in time can prove fantastic results and be crucial to your business growth. With our help you could have a marketing plan in place and the ideas to implement in no time.
Admin Services – Business and personal admin can be such a chore and even though you might not want to find the time for it, it can be vital for a smooth running process. Our admin experts can be efficient yet inexpensive.
For more detailed information on our services, get in touch today. Call our direct line to arrange an appointment or free financial review on 0300 303 344.