How much does it cost to make a will?
The cost of a will depends to a great extent on what you intend to do with your assets, and what those assets encompass. Although it may seem straightforward, there is a lot to consider, and often things are more complicated than they seem at the outset.
Are you intending all of your assets to go to a spouse/partner or to children? Do you have children under the age of 18? Do you and/or your partner have children from a previous relationship that you want to protect? Would you want someone other than close family to benefit as well? All of these decisions will have a bearing on the cost of your will.
Of course you could make a very simple, straightforward will which will not cost very much. You could also “do it yourself” but this, of course, is fraught with danger. Without discussing your circumstances fully with a lawyer who is best placed to advise you, you may find that a basic will is not adequate; and a DIY one simply considered invalid in the eyes of the law. Even a small error can make a huge difference to the outcome.
At GA Solicitors, prices for a will start from just £235 +VAT* and rise dependent on the complexity of your bespoke needs. We will provide a clear quote at the outset, ensuring you always know exactly what you will be paying and have the reassurance of knowing that all bases have been covered.
To help keep costs down, we often also advise clients to leave a ‘note of wishes’ to accompany their will. This note allows you to state who you wish to leave certain items. That grandfather clock which has always been promised to your nephew for instance, or items of jewellery that you wish to go to your goddaughter. Not only does this enable you to change your wishes at any time without changing your will, it would also keep down the cost of not only the preparation of the will, but also the administration of your estate.
If you choose GA to assist with your will you can be assured that all of our lawyers have many years of experience and are well qualified to give you the best advice -including if that advice is that you require only a simple and straightforward will. You can also be assured that the cost of your will is both competitive and reasonable.
So, in short, the answer to the question “how much does it cost to make a will”, is that this can vary hugely dependent upon your circumstances and your intentions, and this is best decided with the assistance of professional legal advice.
Claire Warner, associate legal executive
* Price correct at time of publishing and based on a single and basic will.