Over 300,000 people die without a valid Will each year, causing additional financial and emotional burdens on the loved ones left behind.
Companies offering their staff Will writing as a flexible or voluntary benefit show they care not only about the staff member, but their whole family.
Having Will writing as an employee benefit:
- Gives the whole family protection, not just the employee
- Ensures expression of wish for Death-in-Service is current
- Employees are advised, rather than sold to
- Recommended by HR, so peace of mind for the employee that the company is reputable
Flexible or Voluntary Benefit
FLEXIBLE BENEFIT
- Benefit paid from salary, rather than from the employees pocket
- Fixed fee spread over twelve month period
VOLUNTARY BENEFIT
- Employee can take up benefit anytime throughout the year
- Enables employers to offer their staff extra perks and services at little or no extra cost to the company
Why Use James McKenzie
- Marketing communications and Client Booking Service provided by James McKenzie, ensuring HR’s work load for the promotion of the benefit is kept to a minimum
- Educational seminars and road shows offered to employees
- Professional & efficient service with employees met at their offices or homes
- Inheritance tax advice offered to all clients
- Advice given on all potential scenarios so the Will is as future proofed as possible
- James McKenzie do not act as Executors, potentially saving family members unnecessary legal fees after death
What Are the Alternatives
DIY WILLS
- No advice given causing more problems than not having a Will
- Solicitors make more money out of correcting badly written Wills than writing Wills themselves
- Many go un-opened – packs are bought and shelved without being looked at
- Uncertainty as to whether they will do what they need to
"FREE" WILL WRITING SERVICES FROM BANKS / OTHER PROVIDERS
- Often not "free" at all – usually bank is appointed as Executor and may charge up to 5% of gross value of estate on death
- Often very simple Wills which do not cater for all scenarios
- If more complex scenario, additional fees are levied
FAMILY SOLICITORS
- Charges often vary depending on number of clauses, time spent, numbers of drafts prepared, etc
- Like banks, often appoint themselves as Executors
- Often not specifically trained in Will writing as they cover many areas of law