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MORE COMPLEX WILLS
We can cater for any type of Will including Wills that
reduce exposure to Inheritance Tax, Community Care charges and the
disinheritance of children through re-marriage after first death. As you can
imagine the work and advice involved costs more than a family Will. We always
give you full details before starting any work. These requests incur additional
work for which we charge extra because ~
1. We have to gather
extra information to ensure we are giving the correct advice, so an additional,
more in depth application is required.
2. It is usually the gift of something
valuable outside the rules of intestacy which “special instructions”
cater. In order to cover potential contestation, an insurance policy is required,
some of the cost of which is met by the client.
3. Due to the extra importance placed on the Will
it must take priority
over standard “Family Wills” and be processed and delivered within a strict
time scale.
4. A special clause will have to be added
to the Will.
5. To protect you, your next of kin and us we will take out a Professional
Indemnity Policy every year for YOUR lifetime.
The charge for your "Special Instructions" will depend upon the size
of the asset and the complexity of the work involved but generally will cost
£40 - £550. We will not complete any work without your prior approval.
SPECIAL INSTRUCTIONS
All plus Vat
| SERVICE |
COST |
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Substitute Beneficiaries |
£40 |
| Severance
of Tenancy (As a stand alone project) |
£50 |
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Gifts of specific Property |
£125 |
| Property
Trusts and Discretionary Trusts (Including a Severance of Tenancy if Necessary) |
£400 |
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Residential Rights in a Property (For a number of years of lifetime) |
£75 |
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Gifts of Business ~ from |
£125 |
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Trusts for the disabled |
£125 |
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Property Protection Package INCLUDES a Property Trust or
Discretionary Trust, Severance of Tenancy (If Necessary) and twin Lasting Power of Attorneys
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Saving £100 |
£550 plus Vat |
All SPECIAL INSTRUCTION prices are to be ADDED to the basic Will fee EXCEPT
for the Property Protection Package..........
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