How much does making a will cost?
Stephensons' specialist Will writing solicitors have extensive experience in preparing Wills to cover all circumstances. Whether you have a complex estate or you simply want to make sure certain belongings go to certain people, we can make a Will to suit you.
Level 1 Wills
Option 1: £155 Single Will - £210 Mirror Wills
We send out a link to our Wills instruction form for you to complete as far as possible and return in advance so that it ensures we can get your Will done in one visit.
Option 2: £155 Single Will - £210 Mirror Wills
If you are not on email then we can send a Will pre-appointment questionnaire in the post so that we can get the Will done for you in one visit if you return the questionnaire beforehand.
Option 3: £210 Single Will - £260 Mirror Wills
If you want to attend to provide instructions and we then draft the Will and go through it with you before signing all in one attendance (and you don’t want to pre-complete a questionnaire either through our online system or by bringing in a pre-appointment questionnaire we send to you in the post).
Level 2 Wills - Multiple Legacies
Option 1: £260 Single Will - £315 Mirror Wills
Suitable if the Will is more complicated or requires multiple legacies or you would like a draft to be sent to you to consider further the Will price will be set at the level 2 price range which will be discussed with you when your appointment is made.
Option 2: £315 Single Will - £365 Mirror Wills
Suitable if you want to attend to provide instructions and we then draft the Will and go through it with you before signing all in one attendance (and you don’t want to complete a questionnaire).
Should you need to leave someone out of your Will an additional £90 including VAT will be payable to cover the cost of the advice we need to give you on the implications of this.
Level 3 Wills
£395 Single Will - £520 Mirror Wills
Wills to include a trust to protect against factors which could affect the surviving spouse/civil partner together with the relevant deed to ensure that the jointly owned property is owned in such a way to allow a half share to pass into a trust on the first death.
Level 4 Wills
This is for people who wish to receive inheritance tax planning advice related to their Will so as to leave as much as possible to their chosen beneficiaries through minimising inheritance tax paid. These Wills can involve the use of trusts to plan to minimise the impact of inheritance tax and is more particularly aimed at married couples/civil partners due to the tax exemptions provided to them*.
*If you are not married or in a civil partnership we would be able to advise you on inheritance tax planning options which advice would be charged on the hourly rates of the person assisting you. Please contact us on 0203 837 3658 or complete out online enquiry form for further information if this applies to you.
Please note an additional charge of £75 plus VAT and mileage of 45p per mile plus VAT will be payable should you require a home or out of office visit.
Amending a Will - When you can do so with a codicil
If the majority of the Will is to remain the same, it may be possible to make adjustments by adding a codicil. A codicil is an additional page added to the original Will and will note the amendments required to this. For a codicil to be legally binding it needs to be signed and witnessed in the same way as the original Will. You can add multiple codicils to a Will but in some instances a new Will is required. Codicils are only meant to be used for simple amendments. The witnesses to the codicil can differ to the original Witnesses on the Will.
Codicils are appropriate in 2 main circumstances:
- To specify to whom an asset should be left, or to add a clause where something or someone has been forgotten
- Or to replace an existing clause and replacing it with a new one for instance a change of executor
It is advisable to let your executor(s) know that you have made a codicil, and tell them where it is stored. Your codicil needs to be attached to and stored with your original Will.
Below is a checklist of when a codicil can be made:
- Increasing or decreasing a gift to a beneficiary
- Appointing a different executor
- Appointing a new Trustee
- Changing a testamentary guardian
- Replacing a beneficiary if they have predeceased you
- Changing funeral plans
A new Will would be required if:
- A trust is to be created
- You want to remove a beneficiary from your Will
- You want to change the main beneficiary of your Will
This is not an exhaustive list and there are other circumstances and considerations when considering which option is most appropriate. Call us on 0203 837 3658 if you would like to confirm whether you require a new Will or can amend an existing Will.