Types of Will
Whether you require basic or more complicated Wills and Trusts or are dealing with the estate of a loved one, we are here to help with a prompt, discreet and sympathetic service. Whilst we cannot remove from the process the emotions and feelings dealing with these issues inevitably create we do our best to make sure that matters proceed as smoothly as possible.
What you should take into account
If you simply want to control who gets what from your estate after you have died, without tax planning, with a maximum number of beneficiaries of 4 then a simple Will is an effective method of doing this.
Where you and your partner/spouse wish to have identical provisions in your Wills then mirror Wills are the most effective way to achieve this.
If you have assets, including your house, (and you need to calculate life policies and endowments) which are worth over £325,000 or wish to leave inheritances to a large amount of beneficiaries then a discretionary trust Will is usually the best method for you to keep your assets within your family. However, this only includes a very limited amount of tax planning.
For people with very significant assets, land interests, interests in companies or a business, farms or have care of a disabled person then we would recommend use of our bespoke tax planning advice and Will drafting service.
Cost
Wills are usually prepared on a fixed fee basis, with guideline prices detailed below:
| Type of Will | |
| Simple Will | £150 + VAT |
| Mirror Wills (both of them in total) | £250 + VAT |
| Discretionary Trust Will (nil rate band) | £350 + VAT |
| Bespoke Will | £218 + VAT per hour |
We pride ourselves on providing an efficient and economic service. We work on the basis that you have come to see us to solve a problem that you have and we try and solve it as economically, quickly and humanely as is practicable.
What is included
- Your initial interview;
- Your Will and, where applicable, your letter of wishes drafted and sent to you for approval;
- One set of amendments (unless you approve the first draft); and
- First year's storage of the Will.
