Wills

About Wills

Are you looking for a reliable and trust worthy provider of Wills?

If you are looking for a reliable and trust worthy provider of Wills then look no further than MA Consultancy, we work with a specialist provider of Estate Planning Consultancy and Will Services.

Before buying a Will it is important to understand why you need a Will:

So, why do you need a Will?

If you do not currently have a Will, you have no say over what happens to your assets when you die and this can cause difficulties for those you care about most which is why you should seek out the professional Will writing services of a Will Writer.

For more reasons why you might need a will please see this article from our blog: “5 reason why you need a Will“.

Why Property Owners need a Will?

Everyone should have a Will but this is particularly true if you are buying a property or already own a property.  As you now have a large value asset, it is important that should anything happen to you, your asset gets passed to the people you want it to and not anyone else due to law.

Why Married People Need a Will?

If you are think of getting married (or are married), have entered a civil partnership or have a long-term partner then you should make a Will.  All of these different relationship commitments can affect how your finance and wealth can be passed down by law and so you should implement a Will to ensure that your finances and wealth should be allocated to the people you want, how you want it, rather than how the law will do it, if no Will exists.

Why those in a second marriage or living with partners after being divorced need a Will?

If you have children from a first marriage and want to provide for them but then die first you Wealth could pass to your spouse or partner, who could alter your Will and prevent your children from getting their inheritance after so are gone.  Worse still if your ex partner remarries and then dies first all of your previous wealth could pass to the new partner, cutting out any connection to your children and their inheritance in the process.  This is known as sideways disinheritance and can be protected against with a Will and other estate planning services.

Why business owners need a Will?

If something happens to a business owner then they have complicated affairs that need sorting out and a business will will sort out all of these arrangements.

What is Sideways Disinheritance?

This is the name given to a problem we see families encountering every day.  Statistically speaking most of the adult population of England and Wales don’t have a valid Will.  The vast majority of couples who do have a valid Will have the most basic of Wills – a ‘Joint Will’ or ‘Mirror Will’ – which leaves everything to a spouse or partner, and then to children (or other chosen beneficiaries). Whilst suitable for many as a basic level of planning, there are some hidden risks, one of which can have a dramatic impact on those you will one day leave behind.

Fact 1 – The Office for National Statistics records that in 2010, 34% of all marriages were a second marriage for at least one of the couple.

Fact 2 – Marriage automatically invalidates any Will you have in place (unless it has been made in contemplation of marriage to a particular person)

Fact 3 – If you leave your estate to your spouse or partner when you die and they re-marry, anything you’ve jointly agreed about who gets what after you’ve both deceased, and recorded in your Will, is in danger.

Because most people don’t realise marriage invalidates their Will, it is entirely possible, and maybe even probable, that if your spouse or partner passes away after re-marrying, their entire estate (which includes your entire estate if you have pre-deceased and left it all to them) could pass to a new husband or wife who may not remember to favour your chosen beneficiaries in their Will. This is how children and grandchildren can be disinherited completely unintentionally.

Why People Thinking of Having Children or Parents with Children should have a Will?

If you are thinking of having children (or have children), or if have other dependents or you want to leave something of yours to someone who is not a close family member then it is advisable to have Will.  Again if you want your finance and wealth to be distributed your way and not the way of the law then it is important for you to have a Will.

Benefits of having a Will

Our customers have told us that once they had made their Will, they felt a huge sense of relief.  They realise that, in doing so, they have legally recorded how they wanted their assets divided after their death, thus providing their family with the security they deserve.  It can also prevent children and other beneficiaries being unintentionally disinherited as per the previous paragraph.

Will Misconception

It is a common belief that, if you are married or in a civil partnership, your spouse or civil partner will automatically inherit everything you own when you die. In fact, the law sets out rules that determine how your assets are to be divided if you should die without leaving a Will and in Law there is no provision for Common Law Wives or Husbands.

Will Rules…

The rules are intended to be fair, but they may not suit you.  For example, if your spouse or civil partner and children survive you, your assets will be divided among them in fixed proportions that may not suit your family.

Equally, the rules make no provision for a partner if you are not married or in a civil partnership, even if you have lived together for many years. It is possible to write your own Will, but it is a good idea to seek the professional advice of a professional Will writer.

Your Will is important and professional advice and a professional Will writer, will ensure that your Will complies with all the legal requirements.  A professional Will Writer will also ensure that your instructions are clear and will be followed after your death, and that you have taken advantage of any tax reliefs available to you.

Why a Will from MA Consultancy’s Specialist Estate Planning Consultant Partners?

Our Will partners offer a fully guaranteed Will writing service.

Our Will Writers and Estate Planning consultants will visit you in the comfort of your own home and you won’t be charged by the hour.  In addition to this, all our Wills are drafted by professionals.

Our trained consultants can assess your current circumstances and recommend the products that will provide the correct protection for you, your family, your business and your assets.

Contact us for more information or to book an appointment.

What types of Wills do we provide?

Standard Will

A Will for a Single Person.

Mirror Wills

A pair of Wills for a Married Couple or Partners who want to mirror each others Wills.

Protective Will Property Trusts

A Will with built in Trust to protect half of a property against a number of risks to that property including Carehome fees and Disinheritance to children.

Call: 07517 024979 or Email: maconsultancy1@gmail.com .

In addition to Wills our Partners also offer the following Estate Planning Products and Services and Business Protection services…

Estate Planning Products

  • Standard Will / Last Will & Testiment
  • Mirror Wills
  • Safe Document Storage including Annual Will Storage and Life Time Will Storage
  • Probate & Pre-paid probate
  • Asset Trusts
  • LPA’s / Power of Attorneys
  • Business LPA’s  / Business Power of Attorneys
  • Memorandum of Wishes
  • Severance of Tenancy
  • Life Interest Trust
  • Protective Will Property Trusts

Estate Planning Services

  • Will Writing Service
  • Asset Trust Writing
  • Lasting Power of Attorney Provision (Provision of LPA’s)
  • Business LPA Provision (Provision of Business LPA’s)
  • Preparation of a Memorandum of Wishes
  • Severance of Tenancy Services
  • Life Interest Trust Writing Services
  • Protective Will Property Trust Writing Services
  • Annual Will Storage Services
  • Lifetime Will Storage Services
  • Key Man Insurance / Key Person Cover
  • Business Wills
  • Partnership & Shareholder Protection
  • Life Insurance and Directors Life Insurance – Relevant Life Plans
  • Private Medical Insurance / PMI
  • Business Loan Protection

Our Wills page was written “By Mike Armstrong” of MA Consultancy…