paying for a will?
Discussion
sooo really need to get wills sorted. was stopped by a sales person in town the other day - anyone used these guys?:
www.thewillassociates.co.uk
she said its approx £350 for 2 wills ( my other half and i ). seems a lot?
whats different to using a £15 make a will kit from whsmiths?
have a 4 year old and we jointly own our house if that makes any difference
thanks
www.thewillassociates.co.uk
she said its approx £350 for 2 wills ( my other half and i ). seems a lot?
whats different to using a £15 make a will kit from whsmiths?
have a 4 year old and we jointly own our house if that makes any difference
thanks
Jonboy_t said:
Check with your bank, some do it as a free service or as part of a packaged account (if you have one).
Just make sure that by using the banks free will writing service you aren't agreeing for them to be the executor as I've read some horror stories over charges.Edited by barryrs on Thursday 23 April 20:49
If you can wait until November try http://www.willaid.org.uk/
I was asked for an £80 donation for a single will
I was asked for an £80 donation for a single will
Ozone said:
If you can wait until November try http://www.willaid.org.uk/
I was asked for an £80 donation for a single will
Thanks for this.I was asked for an £80 donation for a single will
Not sure how old you are but http://rnli.org/howtosupportus/donatenow/gifts-in-...
Jonboy_t said:
Check with your bank, some do it as a free service or as part of a packaged account (if you have one).
The bank will almost certainly make themselves Exucutors and charge extortianate fees for doing so. They seem to be charging 4 to 4.5%http://www.which.co.uk/news/2010/02/which-calls-fo...
barryrs said:
Just make sure that by using the banks free will writing service you aren't agreeing for them to be the executor as I've read some horror stories over charges.
I second that. Never appoint a bank as your executor. Their charges can be horrendous relative to their competence or lack thereof. If you need a professional then use a solicitor who deals in probate matters, and who comes with a recommendation from someone you trust.Edited by barryrs on Thursday 23 April 20:49
Ours is simple and cost relatively little - less than £200 for the pair, may even have been less than £100 - at the local solicitor. No kids but fair amount in the estate. We went in and said - to each other on first persons death, then %/£ to these if we go together. No trusts, specified a friend as an executor with his discretion to use professional help, even left a few specific personal bequests (all the alcohol in the house to be left to another friend as he was already the main beneficiary). Leave them with a smile on their face.
The cost should be proportionate to the complexity in my eye, so fixed price wills are probably either going to expensive for what you need or not written as well as they should be.
The cost should be proportionate to the complexity in my eye, so fixed price wills are probably either going to expensive for what you need or not written as well as they should be.
annsxman said:
barryrs said:
Just make sure that by using the banks free will writing service you aren't agreeing for them to be the executor as I've read some horror stories over charges.
I second that. Never appoint a bank as your executor. Their charges can be horrendous relative to their competence or lack thereof. If you need a professional then use a solicitor who deals in probate matters, and who comes with a recommendation from someone you trust.Edited by anonymous-user on Thursday 23 April 20:49
REALIST123 said:
Absolutely but never appoint a solicitor as an executor, they will charge you just as much as the banks. Appoint a willing, trusted friend or relatives, if no kids old enough, and hope that they learn enough not to be ripped off by 'professional' advisors when the time comes.
Fair point. My sister and I were executors of my father's estate. In practice once we had established where his assets other than the house were, we handed the matter over to our family solicitor who chased after and realised the financial assets - stocks and shares etc - obtained probate, and generally managed the whole affair. My sister found a local estate agent to sell the house and our input was largely limited to deciding which offer to accept on the house. Solicitor's fees were broken down and we thought eminently reasonable.annsxman said:
REALIST123 said:
Absolutely but never appoint a solicitor as an executor, they will charge you just as much as the banks. Appoint a willing, trusted friend or relatives, if no kids old enough, and hope that they learn enough not to be ripped off by 'professional' advisors when the time comes.
Fair point. My sister and I were executors of my father's estate. In practice once we had established where his assets other than the house were, we handed the matter over to our family solicitor who chased after and realised the financial assets - stocks and shares etc - obtained probate, and generally managed the whole affair. My sister found a local estate agent to sell the house and our input was largely limited to deciding which offer to accept on the house. Solicitor's fees were broken down and we thought eminently reasonable.I kid you not, the solicitor charged for attending the funeral. It was on the list of charges as 'attending on client'. When it was queried by another associate who was also an (unpaid) executor, it mysteriously changed to 'miscellaneous costs' or something like that. It's a few years ago now but was a lesson learned.
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