Are you looking to prepare a new Will or perhaps review your existing Will? Our Private Wealth lawyers specialise can help you.
Our experienced, pragmatic and sympathetic team of lawyers can help you arrange your personal affairs and plan effectively for the future.
Writing a Will
Preparing or writing a Will is often one of those tasks that gets forgotten or overlooked until it is too late. However, there comes a time when you want to ensure that your personal affairs are in order.
One of the most important elements of your Will is to ensure the security and peace of mind for those you care about. It is impossible to predict our future but when preparing a Will, it is essential to obtain up to date advice on the current Inheritance Tax position and how best to structure your Will in order to carry out your wishes in the most tax efficient way.
Our Private Wealth & Inheritance solicitors are experts in the preparation of Wills and will ensure that your new Will is suitable for your circumstances.
Do you need solicitor to prepare your Will?
We draft Wills that are bespoke to you, we will not make several additions in cost once we have received your information. Our Wills are tailored to you and your family and here we outline what you can expect from us:
- A Will bespoke to you and your family
- A bespoke review of the Inheritance Tax position, including a meeting or call to discuss basic advice on possible actions to mitigate tax
- We will gather information about your family and the make-up of your Estate to enable us to advise on whether or not Inheritance is an issue.
- We will importantly look at potential pitfalls with your proposals
- We find out your wishes and assess your attitude to certain things, e.g. the age in which children should inherit.
- We explore such things as what provisions should be made if a major beneficiary dies prematurely or at the same time as you.
- We then draft a Will which is sent to you along with a detailed commentary designed to ensure that you understand everything in the Will.
- We then store your Will free of charge.
What is the cost of a Will?
The cost of making a simple Will (prices include VAT) is broken down as follows:
Single Will – £570 including VAT
(Tailored Meeting + Preparation Fee).
Mirror Wills – £780 including VAT
(Tailored Meeting + Preparation Fee).
More complex Wills incorporating multiple gifts, Trusts or Tax planning can cost more depending on the type of Trust. Our costs start at £810 including VAT and we will be able to assess the overall costs of your Will at our initial meeting.
Our fees for making a Will include storage.
Start making your Will online
If you would like to know how to make a Will, start making a Will online, fill in your details and submit our online questionnaire and we can begin to tailor your will specific to your needs:
Making a Will FAQ’s
Including digital assets in a Will?
Do you have countless logins or passwords to vital information that would be useful to include as part of your Will?
What is a Living Will?
Our experienced Private Client solicitors are specialists in Living Wills – sometimes called Advanced Decisions.
The idea behind a Living Will is that you are able to specify in advance the extent of medical treatment that you would not want to receive in the event of suffering a severe medical condition and being unable to give instructions about your care in the future.
Living Wills can include (amongst other things):
- Whether you would like to be cared for in a hospice or at home;
- How your medical treatment might be affected by your beliefs; and
- Refusal of treatment the you would not wish to receive, such as CPR or life support
For a long time it was thought that Living Wills had no validity, but in recent years the opinion of the legal and medical profession is that they are valid so long as there is proof that the writer still feels the same way about his or her care at the time when he or she becomes ill.
When someone dies without a Will
When someone dies without leaving a valid Will, their assets (the Estate) must be shared out according to certain rules. These are called the Rules of Intestacy.
Our Intestacy Rules Flowchart will help you to understand what will happen to your assets if you die without having a valid Will.
Contesting a Will or Inheritance
Whether you are an individual beneficiary, a Trustee, an Executor or an Administrator, our Dispute Resolution solicitors can advise you.
How to remove an executor from a Will?
Being an Executor is an important role both for ensuring that the wishes of the deceased are carried out but also for ensuring that all the administration associated with dealing with someone’s Estate is correctly managed. It is a position that is often given to close family and friends who may lack the expertise to deal with the Estate sufficiently.
For further information on removing an Executor from their position, download our pdf ‘Removing an executor from a will – can you / should you?‘.
Whether you are an individual beneficiary, a Trustee, an Executor or an Administrator, our Dispute Resolution team can advise you.
Unfairly left out of a Will
If you feel that you have not been adequately provided for in a Will or under the Rules of Intestacy, our Dispute Resolution lawyers can assist. We provide a brief explanation of who may claim and on what basis when they have been excluded from a Will in our article ‘Unfairly left out of a Will?‘.
What does it cost to contest a Will?
In most cases where a dispute over a Will occurs (typically between family members), it is best to seek to resolve any disputes amicably. Where this is not possible then Court action may be the only alternative, but it comes at a cost both personally and financially.
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Agricultural Property Relief is a Tax Planning mechanism available to farmers and landowners to make the transfer of farming land on death less financially burdensome.
When an individual dies, their assets and liabilities are calculated as at the date they died, this is known as that individual’s ‘Estate’.
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