Here are some examples - the names are made up but we've based them on real clients' circumstances:
Mrs Baker came to Hugh Jones Solicitors wanting to make a Will leaving everything to her favourite charities.
She also wanted to leave gifts of £500 to each of her nieces and nephews, and her jewellery to her goddaughter.
A basic Will typically costs around £250 + VAT at 20%, so a total of £300
Sam and Charlie recently married and purchased a home together. They both have children from previous relationships who they want to ensure receive an inheritance whilst also ensuring the survivor of them can remain living in their home.
A Will containing a right of occupation can cost around £800 + VAT at 20% per couple (so a total of £960) (equivalent to £400+ VAT at 20% or £475 per person). Please note that it will be necessary to look at the form of home ownership and if it is necessary to change the type of joint ownership an additional £75 plus VAT at 20% or £90 is charged.
Halima and Mohammed came to Hugh Jones Solicitors because they had heard that we could help them reduce the risk of their home needing to be sold to pay for residential care.
They wanted to ensure that whilst the other of them was alive they would be able to remain living in the home for as long as they wished and would be able to access income from any savings needed to support themselves. However they were also keen to make sure that as much as possible from their hard earned wealth was able to pass down to their children after their death.
A Care fee planning Will can cost around £800 - £1000 + VAT at 20% (so a total of £960 - £1,200) –PER COUPLE (equivalent to £480 - £600 inc. VAT per person). Please note that it will be necessary to look at the form of home ownership and if it is necessary to change the type of joint ownership an additional £75 plus VAT or £90 is charged.
Chris and David came to Hugh Jones Solicitors wanting to make Wills to make provision for their son Ben who has learning difficulties and who is unable to manage his own money.
They knew that it’s vital to have a Trust in their Wills so that Ben’s inheritance won’t stop him claiming the state benefits and care funding that he’s currently entitled to.
Instead, they’d like Ben’s aunts and uncles to be able look after his inheritance for him. Chris and David want to ensure that their money would be used to enable Ben to live comfortably and be able to access holidays, education, equipment and activities as he needed.
A Trust Will can cost around £1000 + VAT at 20% (total of £1,200) –PER COUPLE (equivalent to £600 inc VAT per person)
Helen came to Hugh Jones Solicitors because she knew that as a business owner she needed specialist advice to minimise her inheritance tax bill. With assets overseas she wanted to make sure that she had done all she could to make sure that it was her family, and not the tax man, who benefitted most on her death.
A specialist tax-planning Will can cost from £1,000 + VAT at 20% (a total of £1,200) per person
Contact PCnewenquiries@hughjonessolicitors.co.uk to speak to a specialist solicitor or telephone 0161 871 3680.