Life Planning
Estate Planning Preparing for life’s ups and downs Life Planning
Do I need a Will? Wills If you answer yes to any of the following questions, you should consider making a Will A Will is the only way to be sure that your estate goes to the people and causes that you care Are you married or in a about. civil partnership? Many people know that having a Will is Have you been important, but they still choose not to have one. divorced? Approximately 60% of the UK adult population hasn’t made a Will*. If you don’t have a Will, your Do you have children or estate won’t necessarily go to who you intended. grandchildren? Would you like to leave a What happens if I don’t have a Will? specific gift to someone? Have you had a dispute If you pass away without making a valid Will, the with family members? government will decide who inherits your estate according to the Laws of Intestacy. Through the Do you want to divide application of these laws, your spouse may end up your estate between sharing your wealth with your children or parents. different beneficiaries? If you and your partner are unmarried, it could Do you want to make mean that your partner will inherit nothing from charitable donations? your estate. Do you own property? Can I write my own Will?
You can draft your own Will but it is a risky approach. If errors are made or the witnessing rules aren’t adhered to, your Will could be invalid. For this reason, it’s important to seek specialist advice and make sure your Will is drafted by an appropriately qualified professional.
*Office of the Public Guardian
Member Services 01282 440500* www.themarsden.co.uk Life Planning
Estate Planning
You are never too young to start planning ahead; it not only makes financial sense, it also helps to ensure that your wishes are met and even helps make a difficult time a lot easier for your family. Estate planning doesn’t just involve writing a Will but can also include Lasting Powers of Attorney to protect your affairs if you were to lose mental capacity and Trusts to safeguard your assets and beneficiaries from threats such as sideways disinheritance through re-marriage and claims against your estate.
One of the main purposes of planning your estate is to ensure that you get to choose who is to benefit; whether it is family, friends, charities or other organisations.
Estate planning services include: • Will writing • Lasting Powers of Attorney • Trusts • Inheritance and legacy protection • Probate and estate administration
Why plan your estate?
• Choose who you want to inherit • Nominate someone you trust to act in your best interests should you • Name guardians for your children lose capacity if aged under 18 years • Make dealing with your estate as • Leave gifts to friends or charity easy as possible • Let your family know your wishes • Gain peace of mind • Protect your legacy for your beneficiaries against events such as divorce, bankruptcy and a surviving partner remarrying
Member Services 01282 440500* www.themarsden.co.uk Life Planning
What makes up an estate plan?
An estate plan can be as simple or as complex as your situation warrants. Here are some of the ways it can help:
Will Trust
Drawing up a Will ensures that your final Creating a Trust establishes a legal wishes are carried out in the manner you arrangement for holding and transferring intended. It enables you to decide exactly property and assets allowing you to control how you’d like your assets and property your wealth, protect your legacy and allow distributed. assets to be passed to your beneficiaries outside of the probate process.
Power of Attorney Probate
A Lasting Power of Attorney (LPA) enables Also known as Estate Administration, people that you trust to make decisions on support for your personal representative your behalf if you are no longer able, or to ensure your estate is distributed in willing, to do so yourself. accordance with your Will.
Who should have one? Here are just some of the items Everyone has an estate though many that you may need to consider don’t realise just what they have. An estate when looking at your estate: plan ensures that all of your assets are distributed the way you want after you’re • Savings gone. Having a plan in place allows your • Your home wishes to be honoured and minimises legal difficulties and confusion for your loved • Cars ones. • Jewellery • Businesses • Life Insurance • Property and land • Retirement savings • Collections such as art, coins or stamps
Speak to a member of our team for more information Life Planning
Who is The Will Writing Company?
We work in partnership with The Will Writing Company to offer you a full and comprehensive estate planning service. With over 27 years of experience in their field, The Will Writing Company are specialists in estate planning and are authorised and regulated by the Solicitors Regulation Authority (SRA) in England and Wales. Choosing a third party partner to support our members is driven by quality, excellence of service and a fit with our approach, all of which we are confident The Will Writing Company deliver. We understand that, although it’s important to discuss these things, it’s not always easy. You are in good hands. The Will Writing Company has a team of consultants who will come into branch or visit you in your home to discuss what your options are, what services are available and how they can support you in planning your estate.
About Estate Planning Services
Our partnership with The Will Writing Company can support you with estate planning. Our branch team can give you an outline of the services that are on offer and if you are interested, we can make an appointment for an estate planning consultant to visit you. They can discuss any of your concerns and give you more information on what’s available to you.
Member rate on your Will No hidden costs As a member of the Marsden All pricing is fixed giving you the you receive a discount on the comfort that you know exactly price of your Will. what you’re looking at. Free review of existing plans Complete honesty Ensure that your existing plans If The Will Writing Company are up to date and meet your doesn’t think you need any of current needs. their services, they’ll tell you. Flexible appointments No technical jargon The appointments are flexible The estate planners take the time and hold no obligation. They can to make sure you understand be arranged in your local branch everything before you proceed. or in the comfort of your home.
Member Services 01282 440500* www.themarsden.co.uk Get in touch
In branch For details of our branch locations and opening hours, visit our website
Online Visit us at www.themarsden.co.uk
By phone Call us on 01282 440500*
By post Write to us at Principal Office, 6-20 Russell Street, Nelson BB9 7NJ
Marsden Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 206050. Principal Office, 6-20 Russell Street Nelson Lancashire BB9 7NJ.
We act as an introducer for estate planning services to The Will Writing Company Limited. The Will Writing Company Limited (3616406) is authorised and regulated by the Solicitors Regulation Authority (SRA) in England and Wales as a licensed body (SRA number 626921).
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