Tag Archive: Wills

  1. Do you collect loyalty points? Here’s how you can pass them on in your will.

    Leave a Comment

    When you’re planning how to manage your estate after you pass away, it’s unlikely that you’ll have even considered your loyalty points as valuable assets. After all, it’s estimated that as many as 93% of us are unaware that points can be passed on in our wills.

    In fact, data from Topcashback, one of the country’s biggest loyalty points and cashback websites, has shown that in Britain we accrue more than £5.7bn through loyalty schemes annually. That works out at around £122 per person over an average of five schemes, so if you save points for Tesco Clubcard, Nectar, Texaco Star Rewards, Boots Advantage and Avios, the points accumulated could really work out to be a valuable addition to your estate.

    Not all providers, however, allow you to bequeath your points. In some cases points are stated in the terms and conditions to belong to the company and not the collector. So, in some cases it may be wiser to use your points rather than risk losing them upon your death.

    Here are some of the providers who will allow you to pass on your points after you pass away:

    Boots Advantage

    Boots Advantage is one of the most popular loyalty points schemes in the country, and for good reason. Giving customers four points (worth 4p) for every pound spent, and regular double or triple points events, it’s one of the most generous loyalty schemes of its type.

    Can you pass on your Boots Advantage card points?

    To pass your points on to a beneficiary, simply contact Boots Advantage customer service: boots.customercare_team@boots.co.uk, or by calling 0345 124 4545.

    Tesco Clubcard

    Tesco Clubcard is the UK’s leading supermarket loyalty schemes. Awarding customers one point per £1 spent on shopping and £2 spent on fuel, they also award points for using their related banking and insurance services.

    Can you pass on your Tesco Clubcard points?

    Should you pass away, your points can be easily claimed by family members even if they haven’t notified Tesco in advance. All a potential beneficiary needs to do to avoid confusion is contact 0800 591 688 or 0330 123 1688, or email them through the Clubcard website with the card and personal details of members to hand.

    Nectar

    Whether you use your Nectar card for your supermarket shopping in Sainsbury’s, or you collect yours from one of 450 different retailers across the country, you’ll be collecting four points per £1, plus bonuses.

    Can you pass on your Nectar card points?

    Nectar have no restrictions on bequeathing your points to a family member or relative. Contact the Nectar customer services team on 0344 811 0811 to find out whether a death certificate will be needed – they operate on a case-by-case basis.

    Avios

    Collecting points for the flights, hotel stays and shopping you do online with Avios can reap great rewards through the British Airways Avios eStore. More and more customers are using the scheme for its generous points system and the benefits tied in with it.

    Can you pass on your Avios points?

    Although Avios state that passing on points after a death is dealt with on a case-by-case basis, the terms and conditions do state that Avios points are non-transferable.

    Which loyalty schemes don’t allow points to be transferred?

    You may be surprised to learn that two of the largest companies in the UK do not allow their loyalty points to be transferred in the event of a customer’s death.

    IKEA Family and Marks & Spencer Sparks are both generous loyalty schemes, but unfortunately they do not allow the points gathered to be shared.

    This means that unfortunately you cannot bequeath your points savings to a chosen individual at these stores – but the companies both say they are reviewing the terms and conditions.

    One last thing – if you’d like to speak to our expert wills and probate solicitors about any issues regarding what you may and may not be able to leave behind, we’d be happy to speak to you. Just give us a call on 01282 433 241 to discuss your options.

  2. How Your Will Is Essential For Your Children’s Security

    Leave a Comment

    Why are wills important?

    Most people should have a Will. Wills can distribute your property, name an executor, name guardians for children, forgive debts and more. Having a will also means that you, rather than the law of intestacy, decides who benefits from your estate when you die.

    A Will provides peace of mind, knowing that in the event of your death, your loved ones are taken care of.

     

    27 million adults in the UK do not have a Will in place.

     

    What does this mean for your family, loved ones and your estate should the worst happen?

    If you die without making a will, this is known as “Dying Intestate” and in such cases, assets such as money, property and valuable possessions are automatically divided up according to the intestacy rules.

    This means that there is the potential for your loved ones to be left nothing.

     

    Who is left out if I don’t make a will?

    What most adults in the UK don’t know is that your partner and those closest to you may not automatically stand to receive any of your assets should you pass away. Without a Will to formalise your wishes, your estate could be given to estranged members of your family or even to the Crown.

    Examples:

    If you and your partner are not married, by law, your partner would receive nothing. If you have children together, they would inherit your estate, but your partner would receive nothing as of right. If you have children from a former relationship they may take everything including your home, leaving your current partner homeless.

    It may be that you are very close to, and reliant upon, friends for help and support during your lifetime. Without a Will they will not receive anything under the intestacy rules. If you have no living relatives, your assets would pass to the Crown not to your beloved friends.

     

    How can I make sure my estate is left to the people I love when I die?

    The only way you can be sure that your wishes are adhered to in the event of your death is to make a valid Will. By creating a Will, you are ensuring that every single one of your wishes is executed following your death: From transferring family heirlooms,  carrying out funeral wishes  and perhaps most importantly to appointing guardians for your children.

     

    How is a will made?

    It can be hard to know where to start when writing your Will, but at DRN, we can make the process simple and affordable. Our experienced Will and Probate lawyers can work with you to draw up a Will that covers every one of your requests, with compassion and efficiency.

    Writing a will as a parent can be a difficult subject, but we can help you make decisions that will enable you to live your life with confidence, knowing you have made plans to help support your children in the unfortunate event of your death.

    To give yourself and your loved ones piece of mind in knowing you have made all the correct preparations, in the case of your death it is essential to write a will. You can never expect the unexpected so writing a will, whatever your age, is an important part of protecting your family.

    DRN’s Private Client department deals with all aspects of private client work including WillsProbate, Court of Protection and care for the Elderly. Well known and respected throughout East Lancashire and North Yorkshire, our team has more than 60 years’ combined experience in private client law.

    Speak to one of our expert solicitors today on 01282 433 241, or pop into one of our offices in Burnley, Colne or Ramsbottom.

Accreditations