Will Fees - Larcomes : Larcomes

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Will Fees

Simple Straightforward Single Person Will

In our experience a simple straightforward Will leaves everything to the children with a provision for the grandchildren to inherit should a child have predeceased the Donor.

Costs:

£195.00 plus VAT

Additions to the Simple Straightforward Will

(a) Pecuniary Legacies

Pecuniary Legacies are sums of money that have been bequeathed to an individual or charity and are payable first from the money in the estate.

(b) Specific Legacies

Specific legacies are items which have been bequeathed to individuals (such as jewellery and other personal items)

If you want to leave specific legacies we would normally deal with this in a memorandum of wishes signed by you.

Costs:

Ranging from £5.00-£30.00 per Will depending on the extent of additional clauses.

This gives you the flexibility to change these wishes as and when you want to without the need to execute a new Will.

Simple Straightforward Married Couple Will

In our experience a simple straightforward Will leaves everything to the surviving spouse and then onto the children with a provision for the grandchildren to inherit should a child have predeceased the Donor.

Costs:

£375.00 plus VAT

(a) Specific Gift of Property

If you want to leave your home to a named individual rather than for the property to form part of the residue of the estate.

(b) Right of Occupation

If you want to leave somebody the right to live in your property for their lifetime but for the property to be held on trust for another individual.

(c) Ultimate Beneficiaries

If the provisions go beyond that of children or grandchildren if they have predeceased.

Costs:

Ranging from £10.00-£40.00 per Will.

More Complex Wills

Severing the Joint Tenancy

As a way of preserving 50% of the family home, many people decide to sever their joint tenancy leaving a 50/50 division of the property between the occupants.

This would then leave a right of occupation to the survivor although 50% would be bequeathed to another named individual and therefore this share is preserved and cannot be taken into account for nursing care fees.

Costs:

£300.00 plus VAT for single person

£600.00 plus VAT for married couple

Mutual Wills

Mutual Wills are frequently executed when we attend on couples of a second marriage who have children from a first marriage.

The mutual Will acts as a legally binding agreement between people to ensure that their respective families will ultimately be provided for.

Costs:

£400.00 plus VAT

Inheritance (Provision for Family and Dependents) Act 1975

If there are members of your family you do not wish to inherit that may have a potential claim on your estate you can sign a declaration to put alongside your Will to express your intentions.

Costs:

£10.00 additional to standard charge

Discretionary Trust Wills

This allows the Trustee discretion to pay the beneficiary as much of the Trust income as is felt appropriate.

Costs:

£350.00 plus VAT for single person

£650.00 plus VAT for married couple

Codicils

A codicil is simply an amendment or addition to your existing Will that is placed alongside the Will.

Costs:

£100.00 plus VAT for single person

£150.00 plus VAT for married couple

N.B. If the changes are significant it may be that a new Will is required rather than a codicil

Home Visits

We are more than happy to visit our clients at home if they are unable to attend the office, however please appreciate that this does take travel expenses and additional time in travelling for the solicitor and a colleague to attend as witnesses

£250.00 plus VAT for single person

£425.00 plus VAT married couple

* Please note that travel costs of 45p/per mile will be added to this*

Please note that this costs list acts as a guide and upon receipt of our completed client Will Questionnaire a member of the Private Client team will be in touch to confirm the costs for your Will.