Fixed Fee Wills – Expert Advice as Standard
Level 1 Will – Our most straightforward Will
Our Level 1 Will is suitable for simple family and financial circumstances and if your wishes for your Will are very straightforward.
Single £450 plus VAT Pair £590 plus VAT
Level 2 Will – Keeping assets in the family
Our Level 2 Will is suitable for more complicated family and financial circumstances, especially if you or your partner have children from a previous relationship or have been married before.
This Will can also be tailored to protect assets from care home fees, to retain assets in the family in the event of relationship breakdown or bankruptcy, to protect the inheritance of a vulnerable individual or to ensure the succession of your family business.
Single £575 plus VAT Pair £950 plus VAT
If we are required to change the ownership of your property at HM Land Registry from joint tenants to tenants in common to work with your new Wills an additional fee of £75 plus VAT will apply.
Level 3 Will – A bespoke Will for complicated high value estates
We will agree a fee with you at our initial meeting, when we have had the opportunity to consider with you the nature of your estate and your wishes for your Will. Our Level 3 Will may be appropriate for you if you own multiple properties and/or substantial business assets and/or have a total estate value of £3m+.
What’s included in the price?
All our Wills include meeting with one of our qualified, experienced solicitors to discuss your wishes and advise you on the terms of your Will. Our fee includes the preparation of draft documents for your approval, preparation of final documents for signature and attending upon you to sign your Will. All our Wills include as standard the appointment of executors, funeral wishes, appointment of guardians for minor children (if required), provision for distributing your personal effects such as jewellery and simple cash gifts to individuals or charities.
We will review your current inheritance tax position as part of making your Will. If you require specific inheritance tax advice beyond an initial review, we would agree a fee with you for that additional work.
Level 2 Wills also include either a protective flexible trust giving rights to income whilst ensuring that your executors retain control of capital after your death, or a fully discretionary trust, giving your executors control of both capital and income.
Level 3 Wills also include multiple trusts as required, multiple meetings with a solicitor, from taking your initial instructions to attending upon you to sign your Will and all associated inheritance tax advice. The fee also includes liaising with your accountants or other professional advisors.
Fixed Fee Lasting Powers of Attorney
We recommend that everybody should have both a ‘Property and Financial Affairs’ and a ‘Health and Welfare’ lasting power of attorney. A lasting power of attorney allows you to appoint family, friends or a professional representative to make decisions about your finances or your care and medical treatment on your behalf during your lifetime if you become unable to make decisions for yourself due to accident or illness, such as a head injury, stroke or dementia.
One type (finances or health): £400 plus VAT
Both types (finances or health): £600 plus VAT
The Office of the Public Guardian also charges a registration fee, currently £82 per lasting power of attorney. We will deal with registration on your behalf.
What’s included in the price?
Our fee includes meeting with you to take your instructions, preparation of draft documents for your approval, meeting with you to sign the same and acting as your witness and ‘certificate provider’, liaising with your appointed attorneys to arrange their signatures, dealing with registration of your power of attorney at the Office of the Public Guardian and all legal advice and support throughout.
Related Services
Review of life policy trusts: Hourly Rates
Inheritance tax planning advice not already included: Hourly Rates
Any Questions?
Please call us on 01993 811 792 or contact info@woodstocklaw.co.uk or find us at 1st Floor, 32 New Road, Woodstock OX20 1PB and we will be pleased to have a first informal chat about your requirements.
We are here to help.
