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Will writing - are we being ripped off?

(33 Posts)
HootShoot Mon 24-Jun-13 15:16:11

Just had someone round to talk to us about a will. We ended up agreeing to a mirror and some additional trusts. If I die my share of the house and my life policies will go into trust to protect our daughters inheritance and vice versa with my husband. The price rocketed from £180 to £650 to reflect this but im worried this is too much to charge. I can't find any reviews online for this company and they arent part of any professional bodies which makes me nervous.

spanglekitten Tue 09-Jul-13 11:56:27

Message deleted by Mumsnet for breaking our Talk Guidelines. Replies may also be deleted.

mumblechum1 Sun 30-Jun-13 12:32:19

Newbie, you will need two wills if you own property in two jurisdictions.

So as your domicile sounds as though it'll be Australia, your Australian Will will cover all of your assets anywhere in the world except bricks & mortar/land outside Australia.

You also need a separate English will to cover your properties and business in England and Wales (or a Scottish will if they're in Scotland). The reason I think the UK business should also be covered by the English Will is for ease of administration, and because that business may at some point own property in the UK in its own right.

The crucial thing when giving your instructions is that both lawyers know about the other will, as they need to specifically state that they are not revoking one another, but running in parallel.

newbiefrugalgal Sun 30-Jun-13 09:33:13

Ok no will here (naughty I know)
Have uk property (2) and a uk business.
Moving back to oz (permantly) where have property shortly.
Should I wait til back in oz to do a will or should I do one here now that will cover oz?
Will still keep uk business and properties

FadBook Fri 28-Jun-13 21:26:27

Didn't know about mumblechum but will remember if anyone asks

I did the Willaid thing last November, was a good rate and I feel a proper adult now I have a Will wink

fancyanamechange Fri 28-Jun-13 21:11:47

corlan - bit risky to wait until November to write your will(s).

says she who was intestate for half a century

mumblechum1 Wed 26-Jun-13 07:39:36

DeepPurple, all the best in the UAE!

DeepPurple Wed 26-Jun-13 01:39:18

Mumble, thanks for the advice but it's not property that's the concern. If DH were to die in the UAE then our DD would be taken from me and given to the state until DH's DF car to take responsibility for her. All funds within the UAE would also be frozen and given to his DF!

The will stipulates a guardian who is a close family friend, once through probate she would be passed back to me and all UAE funds would be released back to me.

Our UK wills cover property and funds in the UK and offshore.

I don't need a UAE will as DD would be given to DH immediately, along with funds etc.

We also needed to stipulate another guardian should anything happen to both of us.

Costly and hopefully a waste of money!

wonkylegs Tue 25-Jun-13 22:58:58

We used a rather expensive solicitors for quite complicated wills (for various reasons) and they cost £400.
The executor & change in price def rings the run away type bells!

corlan Tue 25-Jun-13 22:51:36

If you can wait until November, you can get a local solicitor to do your wills through Willaid.

''A local solicitor writes your Will, then instead of paying their fee you are invited to make a donation to Will Aid. The suggested donation is £90 for a basic single Will or £135 for a pair of basic mirror Wills.''

The money goes to charity and you get your will done by your chosen solicitor, so it's win,win.!

bluehyacinth Tue 25-Jun-13 21:06:02

Another vote for mumblechum here.

mumblechum1 Tue 25-Jun-13 08:34:22

Deep Purple, your dh only needs a UAE will if he will no longer be domiciled in the UK and/or he owns bricks and mortar property in UAE.

Otherwise your UK will should stipulate that he's domiciled in England and Wales, and that the will applies to all assets anywhere in the world, except bricks & mortar properties in other countries.

Trying to save you £1k!

DeepPurple Mon 24-Jun-13 23:56:02

I'm getting mine re-written on Wednesday. It's £120 for both of us or £95 individual so you are being ripped off!

We are moving to Dubai shortly so DH will need a UAE will as well which can only be done in the UAE. This is costing £1000! shock

mumblechum1 Mon 24-Jun-13 23:53:59

ThreeDaughters thanks very much for your kind recommendation.

OP, the executorship bit is a big red flag. I never suggest that I be named as an executor (mainly because I don't actually like doing probate grin. It's a classic trick to bleed your estate dry.

gallicgirl Mon 24-Jun-13 23:45:15

DP and I have bog standard mirror wills. Cost us £160.
I would NOT recommend that the solicitors be executors. In my experience they bleed the estate of all money then abandon the beneficiary. I even saw one property put into the name of the executor rather than the beneficiary.

I would also highly recommend using mumblechum1 as she did my will for me last year (single not mirror) and was excellent, very professional and reasonably priced.

HootShoot Mon 24-Jun-13 23:36:18

I think we have already decided to run for the hills K8. Its a lot of money like you say and we need to feel comfortable.

K8Middleton Mon 24-Jun-13 23:32:25

That executor bit would ring huge alarm bells with me. If you feel uneasy use someone else.

The fee seems a lot to me.

HootShoot Mon 24-Jun-13 23:25:36

Having read your website mumblechum, I am now feeling uneasy about the fact he put his company down as an executor without really checking we were ok with that. Mmmmn. Thanks everyone for all your views on this.

mumblechum1 Mon 24-Jun-13 21:09:36

* Does that mean you think this guy might be a big dodgy?*

Not necessarily, he may just have started in business so not many reviews yet, but tbh most decent will writers are members of the IPW, which has strict entry criteria and standards, and which regularly vet member firms to ensure compliance. They will also have indemnity insurance for a minimum of £2m.

mumblechum1 Mon 24-Jun-13 19:27:08

The usual charge for mirrors, incorporating a life interest, would be £250, and no VAT as we're exempt.

cooper44 Mon 24-Jun-13 19:26:36

It sounds totally dodgy. I added an "in trust" bit to my will and it barely changed the cost.

Ziggyzoom Mon 24-Jun-13 19:06:45

I was a witness for my friends when they sorted out their pretty bog-standard wills (they're not married though, so I don't know if that makes it more complicated). I was gobsmacked when they told me it cost them over £800. Shortly after, there was a television program about unethical companies charging a fortune to dish out ineffective wills.

I'm sure Mumblechum would be a safer bet, and I imagine his price will suddenly come down when you tell him you are looking elsewhere!

mumblechum1 Mon 24-Jun-13 19:01:43

blush Thanks so much for the recommendations, much appreciated!

HootShoot Mon 24-Jun-13 18:57:36

Will do! Wish I had asked you lot first!

superram Mon 24-Jun-13 18:48:40

Another one to say 'just use mumblechum!'.

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