Wills

Sadly, many people fail to consider making Wills until they are elderly. It is then often perceived as a very traumatic experience with clients thinking they are moving towards the end of their lives.

It is recommended that all persons with assets or children make Wills and review these at least every 5-10 years.

If you do not make a Will, your assets may not pass to the persons you would wish to have them when you die. For example if a married person with children died after
26 July 2023 and the value of their net estate was over £322,000.00 (subject to statutory increase to take account of price inflation) the first £322,000.00 (subject to that increase) plus personal possessions would pass to their spouse plus only half of the remainder of the Estate. The other half would be shared equally between the children.

Please remember marriage generally revokes a Will. The Will of a person who marries after having previously made a Will leaving their assets to their children would not be valid in the event of their death. It would be the new spouse who would inherit the entire estate (assuming the net estate is no more than £322,000.00 subject to statutory increase as mentioned) and the children would receive nothing.

Our charges for relatively straight forward Wills for one person are £350.00 plus VAT.  If a couple wish to make relatively straight forward mirror Wills, the discounted price will be £600.00 plus VAT.  Additional charges apply if we need to verify the joint ownership of property or include provisions such as giving a partner a right of occupation or life interest in a property.  There are also additional charges if a joint tenancy needs to be severed.

For more information as to what is involved in making Wills, please see our What to Expect page for Wills.

Please note we do not give tax advice.

Contact us now to discuss your requirements in order that we can provide you with a more detailed estimate of our costs.