Our professional Will writing service will ensure peace of mind for your loved ones
It is important that every person should have a Will and that their Will should be updated periodically so as to reflect any changes in their circumstances. Wills are often something we have on our “to do list” but never get round to doing.
In the absence of a Will, your Estate and all personal items will pass under the Laws of Intestacy, which is the government’s legislation, which sets out how your Estate should be distributed in the absence of a Will. This is unlikely to reflect your wishes.
What type of Will do you need?
Basic Wills and Mirror Wills
If your assets do not exceed the threshold at which point inheritance tax becomes payable (currently £325,000) then you will need a basic Will. This will allow you to set out who should be appointed as your Executors and Trustees and who you wish to be the guardians of your children, should you die whilst they remain under the age of 18. A basic Will also covers the distribution of your personal assets before your Estate is divided in accordance with your wishes.
If you and your partner wish to execute similar Wills, then we can produce Mirror Wills by agreement and there is a reduced cost for this service.
We offer set fees for Wills of £300 plus VAT for a single Will and £600 plus VAT for joint Wills.
Tax Planning Wills
If your assets exceed the Inheritance Tax threshold, you may wish to consider Tax Planning Wills. We can advise you on the most effective tax planning mechanism to preserve your assets so as to enable them to pass down to your beneficiaries.
We provide fixed fees for Tax Planning Wills. Those fees vary from case to case dependent upon the complexity of the case and a fixed fee will be provided to you at your initial meeting.
Administration of Estates
The death of a loved one is an emotional and upsetting time, without the added complication of managing the paperwork of the deceased. At Watson Thomas, we aim to remove the burden of the paperwork from you, leaving you to concentrate on your family.
In most cases, a Grant of Probate or Letters of Administration will need to be obtained. A Grant of Probate is obtained where there is a Will and Letters of Administration are obtained if there is no Will. The Grant of Probate and Letters Administration both enable the Executor or Administrator to gather in the assets to the Estate and distribute them in accordance with the terms of the deceased’s Will.
At Watson Thomas, we can assist you as much or as little as is required. We can offer a comprehensive service from arranging the funeral and house clearance/sale through to distribution of the Estate, or we can simply help you make the application for the Grant of Probate or Letters of Administration. Whatever the Service you require, we will always offer clear fees and guidance so as to make matters as easy as possible for you at this time.
We appreciate that you may not always be in a position to come to the office to see us, or that you may not be able to attend during office hours. This is why we offer flexible, out of hours’ appointments, so that we fit in around you. If you are unable to come to the office, we can come and see you in the comfort of your home.
For advice on your Will or the Administration of an Estate, please contact Rachel Watson on 01252 622422.