No excuse not to have your will in place!

A large part of my work as a financial planner involves helping clients preserve the wealth they have built up over the years.

For a number of clients their priority is for their wealth to stay within the ‘family bloodline’ and be available for future generations. They are concerned about loss of wealth due to divorce, bankruptcy, care home fees and inheritance tax.

The first line of defence in preserving your estate in death by having an appropriately worded will.

When I ask clients whether they have a will the most common response was- “no, but I will be sorting this out”.

Meeting after meeting I was met with the same response by clients, this conversation would repeat year on year for the clients review meetings.

My view is that having an appropriate will in place is an ‘easy win’ for the client, not only ensuring their assets arrive in the right hands at the right time, but also as a wealth preservation strategy.

I decided to take it upon myself to make sure that my clients don’t miss out on these benefits and have no excuse not to have a updated will in place.

So drawing on my experience as far back as the ‘Wills and Probate’ element of the law school course and more recently as a Society of Trusts and Estate Planning affiliate. Combining with and all the years advising on inheritance tax mitigation, I topped up my knowledge and completed an extensive 6-month course on will drafting through the Society of Will Writers (SWW). After sitting 3 x 3 hour exams and passing all elements, I have become authorised and regulated by the SWW to draft wills and trusts.

I have set up a new company and obtained pii insurance, before (virtually) opening the doors for business!

I am now drafting everything from basic wills to cover guardianship of children up to more sophisticated wills utilising trusts used in safeguarding family assets.

Feel free to view my website: www.mbsuccessionplanning.co.uk