Wills Trust and Probst Costs

Wills Trusts and Probate handle with care and attention.

Lasting Power of Attorney (LPA)

£500 plus VAT for one LPA (either Property and Affairs or Health and Welfare).

£750 plus VAT for two LPAs when they are prepared at the same time.

FOR THIS FEE we will prepare the document in accordance with your particular requirements, act as certificate provider, arrange for the registration of the LPA with the Office of the Public Guardian, correspond with your chosen attorneys regarding their role and responsibilities and provide you with two certified copies of each LPA once registration was complete.

Wills

Costs for the preparation of Standard Wills:-

Individual Wills from £150.00 plus VAT

Wills for a couple (Mirrored Wills) from £235.00 plus VAT

Wills & Severance £375.00 plus VAT

A straightforward standard Will for an individual assumes that the person making the Will makes provision for one or two legacies and then leaves
his/her estate directly to one individual with a gift-over provision in the event of that individual passing away before the person making the Will.
A straightforward standard Will for a couple is a mirrored Will in which the couple agree their beneficiaries and provide that on the first death the entire estate passes to the other and on the second death to their children (or to three
or four named beneficiaries) with one gift-over provision.

Your Will instructions will be considered non-standard if for example you
require:-

• More than two legacies/specific provisions

• More than one class gift of residue (more than two in the case of mirrored Wills)

• More than one gift-over provision (or where there is a need for default provisions)

• Life Interest Trusts

• Rights to residue

• Will Trusts (specific or residuary)

Advice on Estate Planning

• Provision for children from previous relationships

• Business and agricultural assets

• Foreign assets

• Disinheriting persons who would otherwise benefit on intestacy, (or previous marriage or relationship) or from the provisions of a previous Will).
• Advice concerning the ownership of assets (the difference between assets held jointly/as tenants in common).

The cost of non-standard Wills vary according to complexity and would typically be between £250 and £500 plus VAT.

In the event you do not ask us to proceed to prepare a draft Will, our charges will be limited to the time spent and advice provided at our initial meeting. This would normally be in the region of £85 plus VAT.

Form of Renunciation for Executors

£175 plus VAT.

Deeds of Variation

£400 – £500 plus VAT.

Applications to the Court of Protection

These are necessary when someone needs to manage the affairs of someone
who no longer has the mental capacity to manage their own affairs.
£1200 – £1500 plus VAT and disbursements.

Application for a Grant of probate or Letters of Administration

On the basis that you have already asset values and a short IHT form only is required, our charges would be £775 plus VAT, plus the probate court fee. If a more detailed IHT form is required or Inheritance Tax is payable, our charges would be between £1,200 and £1,500 plus VAT, plus the probate court fee.

If we are instructed to deal with the full administration of an estate, once the extent of and number of assets in the estate is known, we will provide an estimate, calculated by reference to the number of hours we expect that the matter will take to complete, based on the particular fee earner’s hourly rate. and the value and nature of the estate assets this may be up to 1% (1.5% if members of the firm were appointed as executors) of the value of investments/cash in the estate and up to 0.5% (0.75% if members of the firm were appointed as executors) of the value of any property.

As a general guide, we find that many uncomplicated estates will take between ten and twelve hours’ work to be completed.

Get in touch online

Fill in your details below and a member of our team will be in touch.






    Get to know

    the team

    Meet the team

    Rebecca Stringfellow - Head of department

    Rebecca joined Dootsons in 2014 as a Solicitor in the Newton le Willows branch office. She is a graduate of Manchester Metropolitan University and subsequently completed the Legal Practice Course Programme at the Manchester Law School. She was admitted as a Solicitor in 2007. Rebecca is also a Full Member of STEP – the Society of Trust and Estate Practitioners, and a Student Member of Solicitors for the Elderly. Rebecca became a Partner in May 2019.