At Mortgage Required we offer a comprehensive review of your personal and business assets to ensure you are fully aware of the impact that incapacity or death can have on you and your loved ones. We will take the time to discuss your aspirations and circumstances so we can advise you on the best solutions.
We are happy to offer a free review of any existing wills and estate planning that you already have in place to ensure that it fully meets your current and future needs.
Only 40% of adults in the UK have a will in place and many of these to do not accurately reflect the wishes of the client or are simply not valid.
Making a will is the only way to ensure your estate goes to the right people. If you do not have a will your estate is distributed according to rules set by law.
If you make a will you can:
In short everyone, but particularly if:
Only 6% of the adult population have a power of attorney in place
Often Powers of Attorney are associated with the elderly, however this is a misconception. Powers of Attorney allow you to appoint someone to act for you if you are incapacitated, without this no one would be able to manage your affairs.
With no Lasting Power of Attorney (LPA) in place they would need to go through the courts to gain the authority, which can take many months and cost thousands of pounds.
Many think that if you have joint accounts you do not need one, this is incorrect as the Banking Association states that joint accounts should be frozen if either party is incapacitated.
So you may be unable to pay the mortgage, bills or any other expenses until you have gone through court.
At Mortgage Required we can advise you on all areas of concern to ensure that their inheritance is protected for future generations. When assets are distributed direct, for example a house or cash so much can be lost.
The strategic use of trusts can ensure that your children and grandchildren benefit completely from your inheritance.
We will fully review your circumstances to come up with the most appropriate and tax efficient legal solutions.
For more information speak to our wills and estate planning team on 01628 507477.
All Mortgage Required Wills are underwritten by Lockyers Solicitors, specialist will and Estate planning firm.
Call: 01628 507477