Discussion
I've put this in Finance as it's the closest forum I think, since wills are related to finances and the distribution thereof. Definitely not SP&L!
Anyway - what's a reasonable cost for a married couple to have a couple of wills drawn up? I have two adult children, MrsC has none, no other complications that I can think of? The boys' mother and I divorced about 30 years ago and had a clean break agreement back then.
And how much extra to have Lasting Power of Attorney created for us both?
Just want to get a guide. I've had one price which seems toppy to me, I'll go out for more unless this one is already there or there abouts.
Thanks.
Anyway - what's a reasonable cost for a married couple to have a couple of wills drawn up? I have two adult children, MrsC has none, no other complications that I can think of? The boys' mother and I divorced about 30 years ago and had a clean break agreement back then.
And how much extra to have Lasting Power of Attorney created for us both?
Just want to get a guide. I've had one price which seems toppy to me, I'll go out for more unless this one is already there or there abouts.
Thanks.
Will's can be done with kits yourself but a will completed by a competent Solicitor is less likely to cause issues or contested later on especially if it's not standard, e.g. setting up trusts etc.
Costs vary depending on situation and complexity of the will, expect to pay around £100-£200 for single will and £180-£300+ for a double will.
I think I paid £150 two years ago for a single will done via our local Solicitor, I think my parents paid about £280 at the same time for a double will which included a trust.
There is also Willaid charity event which happens every year (around September time), where Solicitors who have signed up to the scheme waive their fees to produce a Will in lieu of a donation. There is a guideline donation of £100 for a basic single will or £180 for a pair of basic wills.
https://www.willaid.org.uk/
Lasting Power of Attorneys you can do very simply online although it will need to be printed out to be signed by a Witness and the Attorneys.
https://www.gov.uk/power-of-attorney
There two types - Health and Welfare and Financial and Property.
Cost is £82 for each one, per person so for a couple that's 4 x £82. There are reduction in the fees for certain situations, e.g. if done through a Solicitor the charge is less but you end up paying much more towards a Solicitor doing it.
I did my parents for them when the wills were done, it was very easy and something you don't need Solicitor for.
Costs vary depending on situation and complexity of the will, expect to pay around £100-£200 for single will and £180-£300+ for a double will.
I think I paid £150 two years ago for a single will done via our local Solicitor, I think my parents paid about £280 at the same time for a double will which included a trust.
There is also Willaid charity event which happens every year (around September time), where Solicitors who have signed up to the scheme waive their fees to produce a Will in lieu of a donation. There is a guideline donation of £100 for a basic single will or £180 for a pair of basic wills.
https://www.willaid.org.uk/
Lasting Power of Attorneys you can do very simply online although it will need to be printed out to be signed by a Witness and the Attorneys.
https://www.gov.uk/power-of-attorney
There two types - Health and Welfare and Financial and Property.
Cost is £82 for each one, per person so for a couple that's 4 x £82. There are reduction in the fees for certain situations, e.g. if done through a Solicitor the charge is less but you end up paying much more towards a Solicitor doing it.
I did my parents for them when the wills were done, it was very easy and something you don't need Solicitor for.
Recently wills for my wife & I cost us £350.
I did finance & health PoAs for my mother & father-in-law. Easy on-line but check carefully - any mistake needing you to resubmit & the fee has to be paid again. Using a solicitor is expensive and you still need to gather all the required information for them.
I did finance & health PoAs for my mother & father-in-law. Easy on-line but check carefully - any mistake needing you to resubmit & the fee has to be paid again. Using a solicitor is expensive and you still need to gather all the required information for them.
We paid £300 for our wills last year - that was with a small local firm and was dealt with by a Partner who specialises in Estate planning and the like.
That included an initial meeting to discuss our wishes, production of draft wills, discussion over email and a second visit to sign and witness everything.
Our requirements weren't complex but there were a few things I'd have tripped up on had I just used an online template.
That included an initial meeting to discuss our wishes, production of draft wills, discussion over email and a second visit to sign and witness everything.
Our requirements weren't complex but there were a few things I'd have tripped up on had I just used an online template.
CAPP0 said:
Thanks everyone. I had a quote of £925 for 2 wills and 2 LPAs, so that does seem to be at the top end of everyone else's quotes (although caiss4's cost plus the LPAs is close).
Also, if you have trusts involved that will significantly increase the costs over a more simple will.Jay500 said:
I have a contact who will do it for
Single Will £110
Mirror Will £190 (Husband and wife)
Single LPA £195
One person taking 2 LPA’s £295
if that helps, excellent firm who put customers first.
These are good prices to be fair. I've done both the financial LPA and health FPA for my mother and while it is fairly easy to do it yourself, we did have to do one of the forms again for something missed (a £41 mistake!) We also had a load of hassle because we returned both forms together and someone had scanned in one page from the health into the financial one by mistake. While they looked the same, the footer was different on one page and the banks refused to accept it until rectified. We called up and they admitted the mistake and got it sorted but it did add weeks to the process. For the money, it may be worth getting a solicitor to sort out the LPA if you want to reduce the hassle.Single Will £110
Mirror Will £190 (Husband and wife)
Single LPA £195
One person taking 2 LPA’s £295
if that helps, excellent firm who put customers first.
I used a solicitor for my own and wife's LPA. Frankly, I considered it a waste of a fee. All she did was insert the information we gave her into the forms and mail them.
The form is easy to download and as long as you take your time and you've got your sensible hat on it is not at all complicated to fill in. Then post with the set registration fee per form, and await the confirmation all is done.
Wills are a separate matter and always best done via a solicitor, IMO.
R.
The form is easy to download and as long as you take your time and you've got your sensible hat on it is not at all complicated to fill in. Then post with the set registration fee per form, and await the confirmation all is done.
Wills are a separate matter and always best done via a solicitor, IMO.
R.
The Leaper said:
I used a solicitor for my own and wife's LPA. Frankly, I considered it a waste of a fee. All she did was insert the information we gave her into the forms and mail them.
The form is easy to download and as long as you take your time and you've got your sensible hat on it is not at all complicated to fill in. Then post with the set registration fee per form, and await the confirmation all is done.
Wills are a separate matter and always best done via a solicitor, IMO.
R.
Agree, we had ours done by a solicitor(LPA) and it was a waste of money. Could of done it ourselves relatively easily.The form is easy to download and as long as you take your time and you've got your sensible hat on it is not at all complicated to fill in. Then post with the set registration fee per form, and await the confirmation all is done.
Wills are a separate matter and always best done via a solicitor, IMO.
R.
toon10 said:
These are good prices to be fair. I've done both the financial LPA and health FPA for my mother and while it is fairly easy to do it yourself, we did have to do one of the forms again for something missed (a £41 mistake!) We also had a load of hassle because we returned both forms together and someone had scanned in one page from the health into the financial one by mistake. While they looked the same, the footer was different on one page and the banks refused to accept it until rectified. We called up and they admitted the mistake and got it sorted but it did add weeks to the process. For the money, it may be worth getting a solicitor to sort out the LPA if you want to reduce the hassle.
When you say something missed, was that literally just a required field not entered?We plan to do our sometime in the next <few months/lifetime!>, planned to just plug away ourselves, did look a lengthy document!
mikeiow said:
toon10 said:
These are good prices to be fair. I've done both the financial LPA and health FPA for my mother and while it is fairly easy to do it yourself, we did have to do one of the forms again for something missed (a £41 mistake!) We also had a load of hassle because we returned both forms together and someone had scanned in one page from the health into the financial one by mistake. While they looked the same, the footer was different on one page and the banks refused to accept it until rectified. We called up and they admitted the mistake and got it sorted but it did add weeks to the process. For the money, it may be worth getting a solicitor to sort out the LPA if you want to reduce the hassle.
When you say something missed, was that literally just a required field not entered?We plan to do our sometime in the next <few months/lifetime!>, planned to just plug away ourselves, did look a lengthy document!
Edited to add, we had ticked the box on the health LPA just not the financial one.
I did the lpa for both my parents.
The form is lengthy but not difficult.
I'd suggest doing one type primarily and then do the other.
We got ours mixed up and then had to go through it all, reprint pages and double check again. Sure those with more brain cells will do just fine, but printing the health one alone mitigates this (not that I have to do it again).
With a will, we had ours done with Will Aid, nice to give the money to a charity.
I found the most difficult part was getting all your assets and personal possessions listed. It made me realise that rationing accounts and making it simpler on my passing was important. And finding executors thst you can trust, and will outlive you! Plenty to think about before you actually put the will together.....
The form is lengthy but not difficult.
I'd suggest doing one type primarily and then do the other.
We got ours mixed up and then had to go through it all, reprint pages and double check again. Sure those with more brain cells will do just fine, but printing the health one alone mitigates this (not that I have to do it again).
With a will, we had ours done with Will Aid, nice to give the money to a charity.
I found the most difficult part was getting all your assets and personal possessions listed. It made me realise that rationing accounts and making it simpler on my passing was important. And finding executors thst you can trust, and will outlive you! Plenty to think about before you actually put the will together.....
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