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Making a will

(4 Posts)
cabbagelooking123 Mon 13-Jul-15 11:16:00

Where do I start? How much will it be? What questions do I need to think about?

mumblechum1 Mon 13-Jul-15 11:49:28

HI OP,

I'm a will writer and if I was making your will I'd be asking you:

1. Basic details inc contact details, ages of children etc
2. Whether you own any property abroad
3. Whether you own your own limited company
4. If you're cohabiting, whether you're likely to marry (this is important as your will is revoked on marriage unless a specific clause is inserted)
5. Who you'd like to appoint as executors/trustees to act once you've both died
6. As above for at least one guardian if you have minor children
7. If you're a blended family, you may wish to make a more complex will to cover the possibility of the survivor of you remarrying
8. The value of your estate and discuss IHT issues.

And obviously any other issues which may apply to your circumstances.

Costs wise, this will vary quite a bit. When I was in high street practice I charged around £400 per pair of wills plus VAT. I now charge a lot less than that as I don't have the overheads.

You should make sure that if you're using a will writer that they're qualified and a member of the Institute of Professional Will Writers.

cabbagelooking123 Mon 13-Jul-15 13:15:51

Thanks Mumblechum1, very helpful!

mumblechum1 Mon 13-Jul-15 13:28:02

smile any time!

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