1st Rate Mortgage Services Logo Morgan Financial Solutions Ltd.
First Rate Mortgage Services
56 Rowley Lane
Huddersfield HD8 0EH

Tel: 01484 768947
Mob: 07957 137720
Stewart Holding
J. Stewart Holding
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Making a will is the only way to ensure that your wishes are carried out after your death. If you have not made a valid will, all of your property and chattels will pass according to the Rules of Intestacy, often with consequences you may have wanted to avoid.

If you do not leave a will it can cause delays, upset and frustration for your loved ones after your death as they must follow a strict legal procedure to deal with your estate and in the meantime, your assests, including joint assests, will more than likely be frozen.

If you own a property or have children under 18, it is even more important that you make a will. Properties can be owned in different ways and this can affect how you pass them on and who can benefit from your property on your death.

You shouldn't assume that your spouse would automatically receive everything on your death as depending on the value of your estate this may not be the case. If you previously made a will but have got married since, your will would now be invalid unless there was a contemplation of marriage clause included.

If you are living with your partner but are not married, you would be treated as single person on death and your partner would not have a right to administer your estate or receive a share. In this case, everything would pass to your children, or if you don't have children it would go to your parents or siblings.

If you have young children, you should appoint a guardian within your will so that you can have peace of mind that if you were to die, your chosen individuals rather than it being up to the courts to decide who would look after your children.

Previous Relationship?
Family life can be much more complicated than it used to be with more and more people getting divorced or having to provide for children from previous relationships. It is important to make a will in this situation to ensure that you provide for all relevant parties and don't leave anybody out who could reasonably expect to recieve a share of your estate. It may also be important to protect inheritance for your children rather than risk your partner/spouse receiving everything and then changing their own will and disinheriting your children from receiving a share in the future on their deaths.

Even if you have made a will previously, it is important to regularly review your will to take into account any changes in circumstances and to make sure that your will is as effective as possible for things like potential care fees in the future amongst others.

Inheritance Tax?
If your estate may be liable for inheritance tax on your death, it is important that you make a will as there may well be provisions that could be put in place to ensure that your affairs are dealt with in a more tax efficient way.
  Lasting Powers of Attorney
With more and more people being diagnosed with dementia and other related illnesses, as well as accidents on the road or from sports, it has never been more important to consider putting protection in place in case you were to lose capacity and become unable to manage your own affairs. Lasting Power of Attorney allow you to appoint people of your choosing to look after either your property and financial affairs or your health and welfare. If you were to lose mental capacity without having LPAs in place, your loved ones would have to apply to the court for a Deputyship Order in order to manage your affairs, which is a costly and time-consuming process. Furthermore, these orders are usually very restrictive on your loved ones so it is important to put LPAs in place before anything happens.


How can we help?
First Rate Mortgage Services has been recommending that its clients make wills for many years, often to no avail. Deciding what to do for the best, choosing options, making and attending appointments during working hours, unknown costs, etc. are all reasons why our clients may 'put it off' but we really do want to encourage our clients to take action sooner rather than later.

We can now refer our clients to a specialist will writing and estate planning company who offer a will writing service with an appointment from one of their professionally qualified associates in the comfort of your own home and at your own convinience. They provide a breadth of services including basic wills, complex trust based wills for more complicated or unusual circumstances, Lasting Powers of Attorney, as well as lifetime trusts and probate as well. All cases are dealt with on a fixed fee basis and following their initial assessment of your requirements, the associate will confirm the fees for you before you proceed so that there are no hidden costs or nasty surprises.


As a regulated Protection Adviser we can also provide insurance solutions to sit alongside your estate planning e.g. funeral plans, whole of life cover, 2nd death cover, key man insurance, etc.

First Rate Mortgage Services is a trading style of Morgan Financial Solutions Ltd. Morgan Finacial Solutions Ltd is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Conduct Authority. HL Partnership Ltd is entered on the FCA register (www.fca.org.uk/register) under reference 303397. The information and content of this website is intended for UK consumers only and is subject to the UK regulatory regime. The Financial Conduct Authority does not regulate some forms of Buy to Let, Commercial Mortgages, Tax Advice, Trusts, Conveyancing or Will Writing.
Morgan Financial Solutions Ltd - Registered in England No 07820084. Registered Office: Orbit Business Centre, Rhydycar Business Park, Merthyr Tydfil, CF48 1DL.