You have worked hard for what you have. This might include savings, property, shares, or all of the above. What happens to what you own when you die (often referred to as “your estate”) depends on whether or not you make a will. If you don’t, the law sets out who will inherit your estate. By making a Will, you protect your loved ones by providing for them. You also reduce anxiety by providing certainty regarding your wishes when the time comes.
We have a transparent approach to our Will prices. We generally offer two styles of Will, Simple Wills and Trust Wills and the charges are as follows;
Whichever style of Will you opt for, there is an online client identity fee of £20+VAT, per client.
Trust Wills are often used by people who want to do a little more estate planning. Maybe they have a blended family, perhaps they have a beneficiary who is vulnerable or disabled or perhaps they want to consider care home fee planning. Possibly they wish to grant a Life Interest (or right of occupation) to each other and then ultimately pass their share of a property to someone else .
The process is the same for both types of Will. We will send you a questionnaire to complete and this contains your assets and objectives/wishes. We will then arrange a mutually convenient appointment to discuss your wishes, assets, family situation and options. During the meeting, we will set out how each type of Will would operate, then you can make an informed decision as to the style of Will that is best for you.
Reassessing will - Dealing with Flavell’s was first class. Everything was explained to us in an easily understandable way. Kate in particular was a pleasure to deal with. Would advise anyone to use Flavell’s.
We set out below some of the frequently asked questions we receive when considering making a will.
If you die without having left a legally valid Will, the law sets out who will inherit your estate. As with any set of rules, they don’t suit everyone.
Did you know:
The sad truth is one set of rules will never be right for everyone. By not getting the right advice and making a Will, you could unknowingly cause your loved ones financial hardship and distress at an already difficult time.
Making a Will is the only way you can make sure your wishes will be carried out.
Things you will need to consider include:
Life can be complicated, and your wishes may well change over time. Significant changes in your circumstances (like divorce, marriage, the birth of children, inheriting a large sum of money, to name a few) may affect the position. Rules relating to tax also change over time. For all these reasons, it’s really important to review your Will regularly. *Funeral wishes included in a Will are not binding
The laws of England & Wales are based on testamentary freedom. This means you are free to leave your estate to whoever you want. However, there are certain categories of people who could make a claim against your estate if they have not been appropriately provided for. As part of our service, we advise you regarding any potential claims against your estate. Further, if there are steps you can take now that might help protect your estate from claims when the time comes.
We want to ensure that your loved ones receive as much of your estate as they possibly can. There have been many changes to the rules relating to Inheritance Tax over recent years. We review your assets and discuss Inheritance Tax with you. We can offer advice which may minimise or eliminate Inheritance Tax. Additionally, if your circumstances mean you would benefit from seeking advice from a Financial Advisor or Accountant, we will let you know.
Will Writers are not required to have any legal qualifications. Although the offer of cheap wills may be appealing, is it worth the risk? Mistakes could be made which would cause a great deal of unnecessary stress and expense for your loved ones when the time comes. The best way to avoid problems is to consult with a legal professional. All members of our Private Client Team are legally qualified and have many years of experience. When you consult with us, we will not only provide you with a will which leaves your estate as you wish, but we will also review your situation and provide you with advice which could potentially make protecting your loved ones and your wishes when the time comes much easier. Making a will is only part of our process.
Not only will we meet with you to review your circumstances and provide you with bespoke advice, you will also receive the following benefits:
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