There are many different types of ‘Will’ and there are also two different types of Power of Attorney, Property and Financial Power of Attorney and Health and Welfare Power of Attorney, which replaced the enduring power of attorney in Oct 2007.
Several will writing companies also have their own ‘trade’ names for certain products when writing a will.
For instance, some companies call a couples will, a mirror 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.
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 in the UK £750.00 – £900.00
The average cost for two lasting power of attorney (for a single person), health and welfare & Property and Financial in the UK is £700.00 (plus registration fee to the OPG: £164.00)
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
And our cost for two Lasting Powers of Attorney is only £400.00 (plus registration fee to the OPG: £164.00)
The WillMaker Group provide a massively reduced Package price for couples:
Mirror Trust Wills & 4 off Lasting Powers of Attorney start from £1095.00 (plus OPG registration fees)