It is a fact that two-thirds of people in the UK die without having made a will. This means that the way their estate is dealt with is dictated by the Intestacy Rules which apply automatically. The Rules set out who has the responsibility for administering the estate and how the assets are divided up.
We frequently find that married couples expect their estates to pass automatically to the survivor of them if one were to die, but this is not necessarily the case.
By making a Will you 'take charge' and have the opportunity to decide who to appoint as your Executors and Trustees; appoint Guardians if you have children under the age of 18 and set out specifically how you wish your estate to be divided between family members and/or friends.
Everyone's circumstances are different; for some people protection of their property for their family is paramount; for some mitigation of Inheritance Tax is important. We will spend time discussing your thoughts and needs and advise you on the most appropriate format for your Will.
Once the Will has been put in place we recommmend that it is reviewed on a regular basis, particularly if there is a
material change of circumstances. The Will can be amended by a Codicil if the changes are relatively minor or re-drafted if necesssary to keep it up to date.
Our charges cover the preparation of a Will which is bespoke to you taking into account your personal and financial circumstances.
Our charge for a single Will is £200 plus VAT for a couple mirror image Will
£400 plus VAT.
Our charges for a more complex single Wills including tax planning, or trust provisions range from £400 plus VAT to £750 and £800 to £1500 for couple mirror image Wills.
These charges cover an initial face to face interview to take instructions, preparation of a draft Wills and dealing with subsequent amendments, if required.
In the event that the Wills require additional or more detailed work than originally anticipated, we will discuss our charges and agree a fee with you before the work is undertaken.We will store your Will after it has been completed and there is no charge for this service.