AMIFA Blog

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How Do You Store Your Will?


Your Will is an important document and the one you have  signed is the ONLY legally binding will.

 

Scans, photocopies and other representations are not legally valid because they don’t have your original signature on them.

 

If your Will gets damaged by fire, water, mildew, pests etc then it could be declared invalid.

 

You should keep your Will in a secure place, however that place must be easily accessible when the document is needed.

 

If your will is lost or damaged in your lifetime you may not be able to make a new will, for example, if you lose mental capacity.

 

In addition, a charge would be made to make a new will.

 

AMIFA Limited use National Will Safe to protect your Will.

 

The annual cost is £25 taken by direct debit.

 

·        Your documents are stored in waterproof wallets

·        Stored in a specialist document archive

·        Documents are fully insured

·        Documents can be returned to you or AMIFA Limited – free of charge

·        Documents can be returned to Executors when needed – free of charge

·        Documents are scanned and stored electronically acceptable to the courts

·        Documents are recorded on the National Wills Register

·        Plastic identity cards are provided for you and your executors with a telephone number for National Will Safe and a unique reference number.


Please get in touch if you wish to store your wills and other important documents.

        

 

 

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Funeral costs in Wales are rising faster than anywhere else in the UK according to insurer Royal London.


Wales has seen annual increases of 5.2% compared to UK average of 3.9%


The mutual insurer says, given the price rises it is not surprising to see funeral debt rising in UK households. A survey of 2,000 people by YouGov found more than one in ten people (13%) struggle to pay for a funeral today. On an individual level, funeral debt is £1,318 - collectively, across the UK this equates to £98.9m.


They say to cope with rising costs people are cutting-back when it comes to paying for essential items such as coffins, and optional elements such as flowers. The most striking example is coffins: last year’s Index found people spent £1,108 on average, but the 2015 report shows this has dropped to £989, a decrease of 11%. People are also exploring alternative burial options - 8% are now ‘woodland’ or ‘‘natural’


With average savings rates of less than 0.5% now is the time to lock in the cost of your funeral by arranging a prepaid funeral plan with AMIFA.


We have a range of options available from less than £2,000, payable in full or monthly installments including the UK's only GREEN environmentally friendly funeral plan.

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Ashes to Ashes......David Bowie was cremated without a funeral or any family and friends present. The iconic singer told his loved ones he wanted to “go without any fuss” and not have a funeral service or public memorial.


Many people are considering this option now. This is the simplest of all funerals and meets the needs of a growing number of people who want a respectful direct cremation arranged without any fuss and leaving them free to say farewell how, where and when is right for them.


AMIFA Limited can now offer this service having researched the market and identifying a top funeral plan provider for this service. 


Who chooses this type of funeral?

  • People who firmly believe that a funeral should be a simple physical disposal
  • Families for whom a separate Memorial Service is more important and appropriate
  • Individuals who have no close family
  • Relatives who face big challenges in coming together for a funeral ceremony
  • Those who just want a cremation without a funeral service
  • Those looking for a no fuss funeral
  • Families searching for the cheapest funeral

If you are considering this type of funeral it is important to discuss your plans with your family to let them know your wishes.


As 'cremation only' doesn't include any ceremony at all we would be happy to help your family find a meaningful way to say goodbye and suggest different ways to remember you.


The cost of a 'direct cremation' funeral is £1,745 and can be paid in full or installments over 12-60 months.


If you would like to discuss it please get in touch with us on 01443 684007

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Are You Claiming The Marriage Allowance?


HMRC say that up to 4 million people are not claiming the Marriage Allowance which was introduced in the 2015/2016 tax year. It's worth £220 in this tax year 2016/2017 and £212 for last tax year. It can be backdated so if you qualify and claim  that could be an extra £432 in your back pocket - maybe a nice anniversary break somewhere?

If you are married and one of you are not earning enough to use your full tax allowance (£11,000 in this tax year 2016/2017) then any unused allowance up to £1,100 of your allowance can be transferred to your husband, wife or civil partner.

Click this link for further details from HMRC on how to claim.


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Funeral costs soar by 10 times the increase in the cost of living in a year – forcing families to cut corners on their loved ones’ send off


SunLife’s annual Cost of Dying research shows that the cost of dying is the fastest rising of any fixed cost in the UK – rising much faster than any cost of living such as rent, food, utilities, insurance or clothing.

The overall cost of dying which includes death-related costs such as probate, headstones and flowers in addition to the basic cost of a funeral - has risen by 8.3% to £8,802.


The funeral - which makes up 44% of the cost of dying - has soared by 5.5% in a single year. The average funeral in the UK now costs £3,897 which is more than double what it was when SunLife first started tracking funeral prices in 2004


This year, more than three in five (62%) put at least some money aside compared to 59% last year and just over half (54%) in 2009.


And while this is definitely encouraging, it still means that 38% are still making no provision to pay for their own funeral. Of those that do make some provision, one in five are not leaving enough to cover the full cost, up from one in six last year.


Shouldn't you make your arrangements now with a pre-paid plan? Click here

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Are All Funeral Plans The Same?


You'd think that a funeral plan is just that; a plan that pays for your funeral, however, after extensive research AMIFA has found that they are not. If the right plan is not chosen at outset your estate may have to pick up an extra cost at the time of your death and even a sub standard service.


Most people want to have their choice of funeral director, maybe because they have been used by the family over the years. Not all funeral plans guarantee this.


Secondly, most funeral plans are costed up with a cremation as the main choice for the funeral and they set aside an amount to go towards the funeral. Depending upon where you live this may not be enough if you wish to be buried and your estate will be called upon at the time of need to make up the difference.

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