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Service Charges

 

This is the key question, isn't it? How much will all this wonderful estate planning cost? In short, it will probably cost you less than you think it will. And it will definitely cost you less than the value that it gives you and your family.

You will notice that the prices indicated below are listed as "From £x". The reason for this is that the service you receive is always tailored to you, it is always a fixed price, and the price is always provided to you before you agree to proceed. Nobody likes surprises! We do not charge by the hour, giving you the peace of mind that there will NOT be a nasty added bill at the end! But just as you don't like surprises, neither do we. Suppose we have two people - Bill and Ben. Both want a "Single Will". Bill owns a house and has £10,000 in a bank account. His only family is one nephew that he wants to leave everything to. Ben is a multi-millionaire with 7 children and 28 grandchildren, and wants to distribute his estate in a complicated way. Both want a Single Will, but Ben's will is significantly more complicated!

In addition to the work involved, regional variations in costs can affect prices too. A clear example of this would be that in Scotland there are distinct differences in the law and the the costs of the government fees. Another example is that the underlying costs to being in business in the North East of England are significantly less than they are in Central London. 

Your consultant will be able to provide you with a definite quote once they have met you and understand what you need and want.

That said, the prices below should give you some indication of expected costs.

 

A Standard Will
Single    £186 incl. VAT
Couple   £282 incl. VAT

This is our core service. We believe that you will not get a better service anywhere else. You will receive a level of care and attention second to none. If you need your will making, then this is the Gold Standard service that you need.

We will come out to see you and spend half an hour or so on an initial consultation discussing your circumstances - your family structure, your assets, what is important for you etc. We will then spend a further half an hour to an hour taking the instructions for your will. On this visit we will also provide you with one of several factsheets to help you to achieve your financial goals. We will then draw up a draft will and send this out to you to check over and make any amendments that you think are necessary. Once you are happy with the draft will, we will produce the final document ready for signing and witnessing. Along the way, full explanations and advice is given on any aspect of your circumstances that would impact on your Will. Where appropriate, further products or services may be offered, but only where we can demonstrate a specific benefit for either you or your nearest and dearest.

 

Family Will
Single    From £225 incl. VAT
Couple   From £330 incl. VAT

The family will includes provisions for children in the event of their parents or guardians passing away whilst the children are still in their minority. This would encompass the appointment of guardians, any directions to the guardians for the upbringing of the children, the consideration of how the inheritance should be held in trust for the children, at what age they would receive their inheritance and any specific conditions or restrictions placed on the trustees of the assets to be held.

Family Protection Will
Single -   £582 incl. VAT
Couple -  £822 incl. VAT

 

Additional Will Trusts
Single -   From £240 incl. VAT
Couple -  From £360 incl. VAT

 

Property Protection Trust
This very popular Will trust allows a person to protect their property or each half of their property to avoid the various problems which can occur after the first death. Not least of these problems is that of "Sideways Disinheritance". To protect each half of the property for the ultimate preservation of assets for future generations, the Family Protection Will is the right solution for many people.

Some companies refer to these Wills as being "Protective Property Trust" Wills, or "Right to Reside" Wills. We prefer the term "Family Protection Will" as it describes the purpose rather than the feature.

 

Disabled / Vulnerable Person's Trust 
Complies with FA 2006, protects assets and benefits for the vulnerable person with nominated trustee's discretion over distribution. The instruction for the trust to be created is included within a person or couple's Will.

 

Other Will Trusts

Other Will Trusts exist which perform other functions. For example, a Will Trust can be created to take advantage of various Inheritance Tax Planning opportunities that exist at the point of death. Rather than providing a list of trusts and prices, many of which are totally irrelevant to the majority of Wills, your TWP consultant will be able to show you the relevant and useful trusts that you may wish to consider to achieve your personal Estate Planning goals.

Lasting Power of Attorney (LPA)
Single  - One LPA £420 incl. VAT
             - Both LPAs £660 incl. VAT

Couple - Both LPAs £1,140 incl. VAT

Registration is £82 per LPA. Exemptions and partial exemptions may be available.

There are two types of LPA - Property & Financial Affairs, and Health & Welfare. You need both!

The Enduring Power of Attorney is no longer available as from October 1, 2007 and is replaced by the more comprehensive LPA documents.

 

General Power of Attorney
Single - £60 incl. VAT
Couple - £90 incl. VAT
 

Family Asset Protection Trust
Single   - £3,336 incl. VAT
Couple  -  £3,900 incl. VAT

In simple terms, this trust puts the family home into trust for the children, whilst allowing the client to live in the property. They are otherwise referred to as Family Asset Protection Trusts in this website.

 

Pilot Trust - Price To Be Advised

Can be useful for Death in Service and other policies written into trust. (To be valid the trust must contain monetary value – Therefore, to include a £10.00 note).

Business Property or Agricultural Property Trust - Price to be advised

To take assets and cash eligible for BPR or APR (these are inheritance tax exemptions) on trust for children, with life interest to spouse (life tenant).

 

Partnership Agreements - Price to be advised

Includes schedule for when a partner leaves a practice. Additional sets for partners £15 per partner.

 

Shareholder Agreements - Price to be advised

Where multiple shareholders agree how their share shall be handled on death of one. Additional sets for shareholders £15 per shareholder.

Express Will Service - From £30 incl. VAT EXTRA Per Will (£50 for Mirror Wills)

Guaranteed 3-day service or requested date thereafter.

Fast Track Will Service - from £180 incl. VAT EXTRA Per Will

Same day Service – guaranteed completion within 24 hours. Please Note: - This service is for emergency Wills (death bed Wills) and includes documents only (no attestation service).

With careful planning it is sometimes possible to make massive savings or potential savings for an estate on the death of the testator. Our charge for this service will vary depending on the complexity of the client's circumstances and the degree of research that needs to be done. This could include consultations with leading expert opinion in specialist fields. In such cases, before agreeing to undertake any work for the client, we will indicate where savings or potential savings can be made. Where there is a marked degree of complexity to the recommendations, a written report illustrating the savings or potential savings will be produced, in order that the client can more easily make an informed decision.

Living Will (also known as Advance Decision or Advance Directive)
Single -  £60 incl. VAT
Couple - £90 incl. VAT 

For use where a client would like to leave directions concerning life sustaining treatment. The Living Will is also referred to as an Advance Decision or Advance Directive.

 

Land Registry Search - £12 incl. VAT

Search, production and delivery of an ownership status report.

Severance of Joint Tenancy - £60 incl. VAT

Completion of joint tenancy severance documents - form SEV - and registration with the Land Registry.

 

Commentary
Single - £36 incl. VAT
Couple - £48 incl. VAT

Provides a detailed explanation of the Will and the clauses contained in the Will.

 

General Document Drafting - From £125 incl. VAT

Taking instructions from the testator and preparing a document for inclusion with the Will.

 

Document Storage 
Single - £36 incl. VAT per annum
Couple - £48 incl. VAT per annum

Includes the safe storage of Will, LPAs, trust documents and other associated documents for the remainder of your life. As part of this service, we will contact you every three years for a free review of your Will. You will also get an added discount from the update of your documents.