As explained, quotations are influenced by several factors including the complexity of your affairs. Once we have been able to discuss your requirements at the free initial consultation, you will be provided with a bespoke quotation. Where your instructions do not meet the criteria of a basic will, the quotation shall represent the estimation of time to be undertaken in fulfilling your will instructions. See below table for our current hourly rates: –
All fee quotes are subject to VAT at the prevailing rate.
Examples of typical will instructions and our charges
(A) Single Will – Single man with no children
James attends a free initial consultation.
James explains that he is a single man with no children. He wishes to appoint his sister as his sole executor and sole beneficiary of his estate.
In such a scenario, where the instructions provided at the face-to-face meeting are relatively straightforward, a fixed fee of £210 plus VAT shall apply to prepare the will.
(B) Mirror Wills – Married couple with children
James and Jessica attend a free initial consultation.
James and Jessica explain they are married with two children. They have never previously married nor do they have any children outside of their marriage. They wish to leave their estate to their surviving partner and on the second death, they wish for their children their residuary estate equally providing that should either of their children die before them leaving children of their own, that those children shall take, and if more than one equally, the share of their parent which they would otherwise have inherited had they not predeceased.
In such a scenario, where the instructions provided at the face-to-face meeting are relatively straightforward, a fixed fee of £350 plus VAT shall apply to prepare the wills.
(C) Mirror Wills – Married couple with children
Tom and Diane attend a free initial consultation.
Tom and Diane explain they are married with two children. Their instructions are more or less the same and James and Jessica in example B above. However, Tom wants to leave five individuals cash gifts varying in size, and Diane wants to leave gifts of specific items to 10 distant family members and friends.
In such a scenario, a bespoke quote will be provided to Tom and Diane. Given the additional clauses required to be drafted Tom and Diane can expect to receive a quotation in the region of £400-£550 plus VAT.
(D) Mirror Wills – Children from Previous Marriage
Ryan and Harriet attend a free initial consultation.
Ryan and Harriet explain they are married. They do not have any children together. Ryan has been previously married and has two children from that relationship. Harriet also has children from a previous relationship. Ryan and Harriet own a home together as joint tenants. They contributed equally toward the purchase. Should either Ryan or Harriet die, they would like their surviving partner to be able to reside in the property rent free until they die, but they both wish to ensure that their share of the property goes to their respective children.
In such a scenario, a bespoke quote will be provided to Ryan and Harriet at the consultation. It will be necessary to draft an occupancy/life interest trust. It will also be necessary to sever the joint tenancy and register a restriction at the land registry. Given the level of work involved, Ryan and Harriet can expect to receive a quotation in the region of £600-£800 plus VAT.
(E) Single Will – Excluded beneficiaries
James attends a free initial consultation.
James explains that he wants to instruct us to prepare a basic single will at our fixed fee of £210 plus VAT. James wants to appoint his daughter as his sole executrix and beneficiary. James discloses that he has two sons and that he does not wish for them to benefit from his estate at all – citing that one is rich and the other he fell out with years ago.
In such a scenario, the instructions do not fit within the scope of basic single will. Although the will itself seems straightforward there are a myriad of legal issues that need to be considered and reported on.
James can expect to receive a bespoke quotation in the region of £400-£500 plus VAT.
(F) Single Will – Vulnerable Beneficiary
Ryan attends a free initial consultation.
Ryan explains that he is a single father, and that his child, who is under the age of 18 has a medical condition which means that it is unlikely that they will ever be able to manage their own finances.
As such, although Ryan wants to make sure his entire estate passes to his child, it is important that this will be managed on behalf of his child, to ensure that they are protected and their interests safeguarded.
As above, and although Ryan only intends to benefit his child, this does not fit within the scope of a basic single will. A trust will likely need to be drafted (most likely a discretionary trust), and the taxation consequences, among other matters, will need to be considered.
Ryan can expect to receive a bespoke quotation in the region of £750 – £900 plus VAT.