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Jan 112017
 

Getting married

Getting married or entering into a civil partnership is a very exciting time, but it’s also a time to start thinking about your finances and how things will change once you are married.

Whatever your situation was as a single person, when you get married you take on new responsibilities and so it’s a good idea to make sure both of you have a strong focus on your personal finances.

There are often big decisions to be made such as choosing a mortgage and deciding who’ll pay the bills (if you’re not already living together).  There are simple things that need to be done too, like changing your name on bank accounts and life assurance policies.  With the help of an independent financial adviser (IFA), you can make a structured plan that will help you cope with your finances as a couple.

We can give you expert guidance on a whole range of issues, from securing your assets outside the marriage, to helping with pension planning, or finding ways to spread to cost of your wedding.  In every situation, getting a little professional advice before you walk down the aisle is a good idea.

Questions you might like to ask us…

  • What’s the best way to organise our savings for tax-efficiency?
  • What are the implications of having our house in joint names?
  • Can we set up life assurance policies on each other?
  • How could we benefit from making pension plans together?

Wealth Preservation

 

Protection from ATTACK!

WASP

 

How to preserve your wealth for future generations….

Everyone should have a Will, but 2 out of 3 people have not yet made a Will, and those that have, may not have the correct Will in place.

A few simple strategies from MOA Estate Planning Ltd could ensure the full protection of your property and investments. MOA Estate Planning Limited specialise in asset protection, using simple but effective strategies ensuring the financial security of your home, property, savings and investments.

We can arrange to visit you in the comfort of your own home to assess your current situation, answer your questions and provide peace of mind for the future. We work in association with Countrywide Tax & Trust Corporation Ltd, who are full members of the Society of Trust and Estate Practitioners (STEP).

Have you seen the cartoon on our new website? www.moaestateplanning.co.uk

Are you sure that your family will benefit totally from the inheritance you have planned?

What would happen if they were to separate or divorce?
Half of what you intend them to receive could disappear in any settlement made.

What if they inherited from you at a time in their lives when they were having financial difficulties?
Their inheritance could be lost to creditors.

Protecting your children’s inheritance
Effective ‘Bloodline Planning’ from us will ensure that your children and grandchildren are able to benefit completely from the inheritance you want them to receive.

The strategic use of trusts will remove the risks for the benefit of your loved ones after you are gone. There are a number of ways in which your home and savings are vulnerable to attack.

• Long Term Care
• Creditors & Bankruptcy
• Taxation
• Divorce or Separation

We will safeguard these hard earned assets for you and your family.

* Source: Counsel and Care

An estimated 60,000* people per year have to sell their homes to pay for Care

You can avoid having to do the same should you have to consider Long Term Care in the future.

Act now to protect the inheritance you wish to pass on to your loved ones.

How do I protect my home and assets from care costs?

Unfortunately, the costs involved in moving into a Care Home can literally wipe out your entire savings and your home may have to be sold to pay for care fees. This could mean that your loved ones could receive very little, or even nothing at all of what you originally intended them to have.

When someone enters care they are automatically “means tested” and ALL of your assets, including your home are taken into account. Only those who have very few assets will escape the costs of care.

Further planning in difficult times….

The loss of a loved one can be a very difficult and stressful time, but even at this late stage, it’s not too late to plan step by step. In association with Countrywide Tax & Trust Corporation Ltd, our qualified team offer more than just help dealing with obtaining the Grant of Probate. We can offer independent advice on the will itself and may even recommend that the Will be varied (Deed of Variation) to ensure that the assets being passed through the will to the Beneficiaries are protected from Care, further Inheritance Tax, Divorce, Creditors and Bankruptcy.

• A friendly and sympathetic team of staff will keep you informed at all stages of the process.

• Professional Advice – in association with Countrywide Tax & Trust Corporation Ltd, whose Directors are full members of the Society of Trust and Estate Practitioners (STEP).

• Initial meeting is free of charge and arranged in the comfort
of your own home.

• Fixed Fee – Unlike most Solicitors and Legal Firms, we do not charge by the hour but offer a competitive fixed fee based on the value of the estate and which is disclosed prior to any work being undertaken.

MOA Wills & Trusts Estate Planning Team

The company’s guiding principles are to be ethical, knowledgeable and professional in all dealings with its customers. The company, in association with Countrywide Tax & Trust Corporation Ltd, and its staff, are bound by and comply with the Codes of Conduct of the various professional and regulatory bodies they are members of.

Mike Oliver MD
Dulcie Brookfield, Director
We can arrange:

• Wills Trusts Lasting Powers of Attorney
• Professional Trustees Professional Executors
• Probate Service Deeds of Variation Funeral Plans
• Conveyancing Deeds of Severance Trust of Land
• Business Succession Cross Option Agreements
• Tax Advice Estate Planning Reports
• Prenuptial Agreements

dead wasp

 

MOA Estate Planning Ltd
Preserving your wealth for future generations

Business Succession Strategies

 

Having worked hard to build up a sound business during a lifetime it’s important to put in place the correct strategies to protect these same hard earned assets after death.

Without the appropriate Business Succession strategies:

  • Your spouse/partner and children may not inherit your share of the business. 
  • Business partners may not be able to buy out the deceased’s share. 
  • The surviving spouse or children may be obliged to take over the running of the business 
  • The business may have to be sold and the proceeds become liable to inheritance tax and capital gains tax.
  • The proceeds from the sale of a business would be at risk from 3rd Party Claims such as divorce, creditors and Long Term Care Fees 
  • The business may be vulnerable to any future changes to the legislation affecting Business and Agricultural Property Relief. 
  • The value of the business could depreciate owing to the inexperience of a beneficiary.

Some or all of the above problems will affect a business owner if they are a partner or shareholder in a business and all of the above issues are made roundtableworse, if they are a minority shareholder or, the sole owner of a business.

We know you care very much about the business you have built up over the years and want to ensure that loved ones benefit as fully as possible after you are gone and ensure that thier inheritance is protected for generations to come, and with so few people having even a basic Will in place let alone the correct Will and estate planning, the demand for our services is vast.

We do not just offer death planning strategies, but also planning throughout the client’s lifetime.

Our areas of expertise include Personal Estate Planning, Business Succession strategies, and Agricultural Planning, and our estate planning solutions are tailor made to suit every set of personal circumstances and every pocket.

The levels, bases and reliefs from taxation are subject to individual circumstances and maybe subject to future change.

To find out more about the services on offer please call us.

Welcome To:

 

home commercial mortgages pensions protection savings & investments wills & estate planning about us contact us Equity Release Long Term Care & Asset Protection

What You Need To Know

 

what-you-need-to-know

 

The Financial Conduct Authority FCA 11 Principles of Business fashion the code of conduct for our industry.   If we advise you on your assets then we assume a joint responsibility with you to safeguard them in any eventuality. Under Principle 10, as Financial Advisers, we are morally and legally obliged to protect the assets of our clients.

As Financial Advisers we maintain the highest standards of ethics.  To that end we have devoted our time and efforts to producing a charging structure that is fair across all our business areas. We are pleased to support FCA Principle 6, ‘Treating Customers Fairly’.

 

 

 

Your Appointment

 

Tell us about your plans and dreams and we’ll work withchrysalis you to try and turn them into reality

 

What to bring with you

We have created this checklist to give you an idea of what information we will need to help you with your financial planning, and by supplying us with this information at our first meeting, we can start working on your case quickly.

  • List of goals for the financial planning exercise
  • List of specific questions that you want answered

ID/Residence

Proof of name – Current Passport or Drivers Licence

Proof of address – Utility Bill/Bank Statement – dated within the last 2 months showing name and current address

Possible Documentation Requirements:

  • Current Will and Trust documents
  • Buildings and Contents – policy and schedule
  • Life & Critical Illness – policy and schedule
  • Pension policy information
  • Investment information

Information required for Mortgages:

If Employed

Latest 3 months payslips

Latest P60

Latest 3 months bank statements showing salary being credited. Statements must include the bank’s name together with the applicant’s account number and name.

 If Self-Employed

3 years company accounts/self assessment tax returns

3 years HMRC SA302’s with Corresponding tax year overviews – these can be obtained from HMRC, they can be used as proof of earnings and tax paid

If you receive a PAYE salary from your own company then we would require 3 months payslips and latest P60 as well as above

Latest 3 months bank statements. Statements must include the bank’s name together with the applicant’s account number and name.

Additional Documentation

For purchases if not using equity from existing property we will need evidence of deposit funds

Latest Annual Mortgage Statements

For Court Ordered Maintenance payments – a copy of the court order

For Child/Working Tax Credits/Child benefit – Annual letters from HMRC confirming your payments for the following year and corresponding bank statements for the past 3 months showing the payments received

Latest Credit Report

Please sign and return the IDD explaining our costs and services we provide along with the data protection statement attached

 

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Our Services

 

Our ServicesOur Advice Services

We’re a client focused firm dedicated to making sure you get the most out of our services, throughout the various stages of your life.

Unlike some financial advisers who specialise in particular products or services, Mike Oliver Associates offer a range of financial products and a huge choice.

There is no charge for a first appointment, it is always at our expense and in complete confidence. When taking your instructions, we will give you written information and explain our services and competitive charges.

What is Independent Financial Adviser?

10 reasons to use an Independent Financial Adviser

Our in house team of experts can advise you on:

•    Mortgages – BTL, Remortgages, Commercial 
•    Protection – Personal and Company
•    Pensions  – Personal and Company
•    Equity Release
•    Later Life Advice & Asset Protection
•    Savings & Investments
•    Commercial and Development Finance
•    Wills and Estate Planning

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

For mortgages we charge a fee of at least £600. We will also be paid a procuration fee from the mortgage provider, if one is available.

For commercial mortgages and Will writing we act as introducers.

Mike Oliver Associates are authorised and regulated by the Financial Conduct Authority. Speak in confidence to us on 0845 4021757 or tell us your requirements here and we will get straight back to you.