How much does a will cost?
An initial consultation is free. Each will is created specific to that person’s circumstances, so it is difficult to give an exact price. As an indication, a simple will for one person starts from £330 (inc VAT) and from £540 (inc VAT) for a pair of mirror wills. At our initial appointment I will confirm a fixed price for the wills so there are no surprises.
How long does it take to make a will?
The process begins with an initial meeting at your home or office where we will discuss your requirements in more detail. After this, I will send you a draft copy of your will within 2 weeks. You can take the time you need to check that you are happy with it, we can then schedule an appointment for the signing of the final version.
Why do I need a Power of Attorney?
A Lasting Power of Attorney (LPA) allows you to plan for your future and be proactive in deciding who you would trust to look after you and your affairs if you are unable to look after yourself. Sadly, as we become older it often becomes more difficult to manage without some support. Putting an LPA in place allows you to decide who provides that support, rather than leaving it to the courts or placing difficult decision making on your loved ones.
Will I have to pay Inheritance Tax?
The rules regarding Inheritance Tax are complicated. The starting point is that every individual can leave £325,000 without paying any inheritance tax, anything over that is taxed at 40%. There are reliefs available if you are married, own a business or a farm or leave money to charity. The Residential Allowance is currently £175,000 if you leave a residential property directly to your children or grandchildren. It is important to make sure that your will is drafted in a way that maximises the benefits available utilising these reliefs and allowances.
How do I know I can trust you?
This is an extremely good question and one that everyone should ask before choosing someone to write their will. There are a number of reasons why people have chosen me over other providers. I will take the time to get to know you, to understand your requirements and use my in-depth knowledge gained through experience and qualifications to advise you on the best way to proceed. Throughout the whole process, you will only deal with me. I will arrange the initial appointment, meet with you personally, draft your documents myself and then meet with you again to go through the documents. Once you are happy with the final version, I will witness your signatures.
On a more practical level, I am regulated by the Society of Will Writers and have to follow their Code of Conduct. I also follow the Will Writing Code laid down by STEP and I am fully insured.
I have helped many people with their wills, you can read testimonials from some of my clients here.
What is an advance decision?
An Advance Decision is a legally binding document which allows you to expresses your wishes for future treatments in case you aren’t able to communicate them yourself, the legal effect of an advance decision is limited to the refusal of consent for future treatment but it can also be used to communicate your wishes in relation to other medical matters, albeit these will not be legally binding they will provide guidance for your family and medical staff. Hence providing you with the ability to engage with advance decision making.
When does a power of attorney expire?
Both types of power of attorney will expire when you pass away, they are only valid during he donor’s lifetime. Once the donor has passed away then the will (if any) comes into effect.
Does a will have to be in writing?
To be valid a will has to be in writing and has to be signed by the Testator in the presence of two independent adult witnesses, the only exception is a privileged will which is available to members of the armed forces on active service.