The Benefits of Writing A Will
- You control how your assets are to be distributed by setting out your wishes in the will.
- A will avoids expensive inheritance disputes and arguments.
- You can make specific gifts to family or friends. An example of this would be leaving a gift of jewellery to your children;
- You can make cash gifts to friends, family or other loved ones (called a pecuniary legacy);
- You can specify your funeral wishes in a will. It is advisable to bring this to the attention to your executors, close family members and/or beneficiaries (those who inherit under your will) in order that they know exactly what you want to happen.
- A carefully drafted will together with estate planning advice can help with Inheritance Tax (IHT) planning. It is usually advisable to take expert advice at an early stage however.
- If you have children under the age of 18 you can appoint guardians in your will to take care of them;
- If you are in the process of divorcing or separating it is important that you make a will made or update your current to ensure your estranged spouse/partner does not inherit if you die. Please note that marriage or entering into a civil partnership revokes any previous will made.
Our Will Writing Service
Wills can be very straightforward or complex and our will writing solicitors can tailor your will to your individual needs.
We recommended that you have a solicitor to draw up your will which can cost from as little as £200.00 plus VAT (£240.00 inclusive) for a simple straightforward will (see our prices below). This is because it is all too easy to make mistakes if you are not familiar with the terminology used in wills. Dispute over wills are expensive and should be avoided.
Here at Freeman Jones Solicitors we work on a fixed fee basis when it comes to drafting your will and provide a complete service.
Our costs for writing your will
Please note that our fixed fees for wills are based upon your case having standard features which most do. It is an indication of the likely range of prices in most instances. If your matter has non-standard features and complexity then we may not be able to undertake your case for the fees shown below. In every case however we will give you a fee quote based on hourly rates or further fixed or estimated fees on a no obligation basis following our first meeting with you.
Our fees for your will includes the following:
- the initial appointment with one of our experts will writing solicitors to discuss your needs and provide advice;
- funeral wishes;
- the drafting of your will;
- attending upon you and providing two witnesses to execute your will;
- free storage of your will.
Our Will Prices
- Level 1 – Straightforward will – cost £240 (including VAT)
- Level 2 – Multiple legacies – cost £300 (including VAT)
- Level 3 – Life interest will – cost £390 (including VAT)
- These wills to include trust provisions to provide protection against factors involving the surviving spouse or civil partner. If needed, the price includes a severing a property joint tenancy and registering this at the HM Land Registry to ensure that the jointly owned property is owned in such a way to allow a half share to pass into a trust on the first death.
- Level 4 – Complex wills – cost TBA.
- Assessed upon your individual requirements and charged on a hourly basis.
- Level 5 – Straightforward Separation Wills – cost £180 (including VAT)
- Please note to benefit from this price we must be instructed to deal with your divorce / civil partnership dissolution and financial matters.
Should you need to leave someone out of your Will an additional £90 including VAT will be payable to cover the cost of the advice we need to give you on the implications of this.
If a letter of wishes is required there will be an additional charge of £75.00 plus VAT provided you supply the details required for the letter. If you require our assistance writing the letter this will be charged on a hourly basis.
HM Land Registry Office Copies (if needed) – £3.60 (including VAT) per property.
It is not illegal to make a straightforward will yourself, however, it is inadvisable. Having a professionally written will by a solicitor ensures there are no mistakes and that everything is clear and easy to understand – particularly if you have more than one beneficiary or complicated financial assets. As a minimum, a solicitor should at least review any DIY will to ensure that everything is correct.
The average cost of a will with Freeman Jones Solicitors starts at £240 (including VAT) for a straightforward will.
A will does not have to be registered to be legal, but it is advisable as registering your will ensures it can be found on the National Will Register – meaning your estate will be easier to manage.
A family member is not an ideal witness to a will – any witness needs to be an adult with no relation to the testator or someone with no personal interest in the will. Spouses or beneficiaries are also not able to witness a will. A family friend or a neighbor would be a preferable witness to a will.
In line with your own wishes
If you decide not to make a will, the distribution of your Estate is governed by the Intestacy Rules. These rules mean that your spouse or civil partner and certain other close members of your family may inherit from your Estate depending upon the value. Who receives what may not be in line with your own wishes.
Lasting Power of Attorney (LPA) fees: a price guide
When making a will clients usually also take the opportunity of putting a Lasting Power of Attorney in place.
At Freeman Jones Solicitors, we offer fixed-priced Lasting Power of Attorney services:
- Single person – Lasting Power of Attorney (property and finances or health and welfare) – £299 plus VAT*
- Single person – Lasting Power of Attorney (property and finances and health and welfare) – £500 plus VAT*
- Couple – Lasting Power of Attorney (property and finances or health and welfare) – £500 plus VAT*
- Couple – Lasting Power of Attorney (property and finances and health and welfare) – £900 plus VAT*
*There is also an £82 government registration fee chargeable for each LPA.
In most cases our fee includes us acting as a professional certificate provider to confirm your mental capacity to make the Lasting Power of Attorney. If due to your age and any medical conditions, we feel that a medical practitioner would be more suitable to act as your certificate provider, then there may be an additional fee charged by the medical practitioner.
If you have any questions, please feel free to contact us.
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