020 8652 5240 info@mbassociates.net

MAKING A WILL

There are many good reasons to make a will; documenting your wishes formally is the only way to ensure that your savings and possessions (your estate) are distributed in the way you wish to the people and causes you care about.

You may be able to reduce the amount of inheritance tax that the beneficiaries may be liable to pay. It’s also the only way you can appoint legal guardians for your children. For example, if you don’t have a will and stipulate within it who you would want to look after your children in the event that you and your partner died, your children may be taken into foster care whilst the courts decide which of your remaining family members are the most appropriate to care for your children.

Making a will is very important if you co-habit with a partner but aren’t married, as you don’t have the same legal rights over each other’s assets as a married couple. Unfortunately, accidents and illness can occur at any age, and with so much potentially at stake, surely it’s worth spending a few hundred pounds to ensure that you can protect your family’s future in the event that you no longer can? Making a will doesn’t have to be onerous or expensive, and our business partners are here to assist you every step of the way. To find out just how simple it is, why not contact us for an initial informal discussion.

A happier workforce

Financial worries are a common concern for many Brits. *Research conducted in 2019 before the pandemic became prevalent revealed that 77 per cent had money worries that impacted them at work. A third admitted their fears affected their sleep. One in five employees said they worried about their finances regularly.

In the survey of 5000 employees, 34 per cent said they would be unprepared for unexpected financial costs or a loss of income. **In a separate survey, almost 30 per cent confessed to regularly running out of money before pay day. One in seven people would struggle to pay their mortgage if it was just £99 more per month.

Yet with access to the right information, it is possible for employees to improve how they manage their money, resulting in less anxiety and more productivity at work.

MB Associates is offering free financial workshops to improve the wellbeing of employees and enhance employers’ benefits packages. Our informative, friendly workshops will offer fee-free mortgage and financial advice to your staff to help them save money and gain greater control over their finances.

These free workshops can be tailored to suit the requirements of your business and can be delivered via Zoom or in person when permitted. We can also offer informative financial content on a dual-branded portal.

For more information, please contact Monica Bradley at MB Associates on 020 8652 5240 or email monica@mbassociates.net 

*Close Brothers Financial Wellbeing Index
**Financial Times survey

For insurance business we offer products from a choice of insurers.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.