As the amount of mortgage approvals is still less than half it was a few years ago we have had an influx of Mortgage Brokers looking to widen their portfolio’s and boost their profits. When people have a significant change to their financial situations it is highly recommended that they review or write their Wills. It seems only logical that whilst you are offering your usual service you are able to offer advice on Wills and estate planning.
Forget the stereotypes that only the older generation write Wills, just as many people in their thirties (and some even younger) are writing Wills to protect their families. The only way to control who will look after minor children should you pass away is by naming guardians within a Will. In today’s climate of complicated families, unmarried couples and children with multiple partner’s it has never been more important for the younger generation to put planning measures in place.
Not only will a lot of your clients need to write a Will, you can advise them on the best way for them to own the property they intend to buy and then recommend an array of trusts to protect their assets after they have passed away. Property Trust Wills are becoming a normal part of estate planning to protect a partner, spouse or civil partner whilst ultimately benefiting children, particularly those from previous relationships, or other nominated beneficiaries. When children from previous relationships are involved the only way to stop them from being disinherited is through a Trust. Click here to see a case study and how a Trust can benefit your client’s.
If you do not have previous experience in Will writing or if you wanted to expand your knowledge into the realms of Trusts, Lasting Powers of Attorney or Inheritance Tax then you can attend one of our regular courses. They have been designed specifically for Mortgage Brokers and can take place at our office in Lincoln or your chosen venue and cover everything from taking your first instructions to the complications that arise when leaving large sums to people with disabilities and how they need special provision within a Will.