How much does a will cost?
There are many different types of ‘Will’ also with many different types of trust.
Several will writing companies having their own ‘trade’ names for certain products when writing a will.
For instance, some companies call a mirror will, a couples will and there are many variations of will trusts including, protective property trust, trust will, severance of tenancy will, will trust, discretionary will trust, property trust will and protective will trust.
A standard single or mirror will, can for most people, take care of basic wishes such as who your executors are, guardianship for children under the age of 18, trustees to look after your children’s inheritance, who will be your beneficiaries of your Estate and any simple funeral wishes.
But if you want to put some protections into place to ensure your loved ones receive what you have worked a lifetime to earn then setting up trust planning (trust wills) within your will can help you achieve this.
Most people’s main asset is their home and leaving property in trust is very common and can protect from sideways dis-inheritance and care home fees.
On average, it costs around £200.00 to write a standard single will and £350.00 for a couples (mirror) will in the UK.
Trust Wills (protective property trusts) cost on average £800.00 – £1,000.00
The WillMaker Group only charge £175.00 for a standard single will, £295.00 for a standard couples will.
Our Trust Wills start from £595.00
In addition to will trusts, there are a variety of lifetime asset trusts which have many protection benefits for couples and singles.
All lifetime trusts are set up by SRA regulated trust solicitors and they also offer professional trustee services.
We can also provide Secure Storage from just £20 a year which allows you a Free update service, allowing you to make changes to your will anytime.