The main reason for making a Will is to ensure that your loved ones will be financially provided for when you die. Many people assume that they don’t need a Will. For example, they may not consider themselves to be wealthy enough, or may wrongly assume that certain people will automatically benefit from their Estate.
There are strict rules (known as the Intestacy Rules) which dictate who will inherit your Estate in the absence of a Will. The rules are quite inflexible and can sometimes fail to achieve the outcome you would want or expect.
Review your Will
But what if you already have a Will? It is still important to regularly review it. Changes to your personal circumstances (such as marriage, divorce or a change to your financial position) can make updating the Will necessary.
Making a Will gives you peace of mind in knowing that the people you choose will benefit following your death. We are able to assist with the preparation all types of Wills, from the simple to the more complex, and we will tailor the document to meet your individual needs.
Will – Fees
(Note: the following costs are correct as of 1st March 2018).
|Single straightforward* Will||From £225 + VAT (£270 inc.)|
|Straightforward* Mirror (Couple) Wills||From £325 + VAT (£390 inc.)|
|Asset/Property Protection Wills (Couple)||From £500 + VAT (£600 inc).|
|**Advance Decision/Living Will/Advance Directive||From £225 + VAT (£270 inc.)|
*Straightforward Wills legal fees do not include tax planning advice, foreign elements or substantive Trusts. *Also as our specialists tailor a Will to meet your individual needs; more complex (or non-standard) Wills that include aspects such as Life Interests, Discretionary Trusts, Disabled Trust, IHT advice, foreign property considerations, pages of specific gifts/legacies etc. will be quoted on a case by case basis.
**What used to be called a ‘Living Will’ and now known as an Advance Decision or Advance Directive, is basically a declaration of wishes in relation to life sustaining medical treatment i.e. in what circumstances do you want/not want life sustaining medical treatment for example an artificial feeding tube.
Note. If you have one in place, you must opt for Option B in Health and Welfare Lasting Powers of Attorney, otherwise Option A (giving your Attorney power to make life sustaining treatment decisions) will over-ride the Advance Decision/Directive.
For more information please email email@example.com or call 01625 850 888.