cost of a will

[NotAllThere]

how much should it cost to draw up a will?

Cost me £50. Costs £10 a year for keeping it in a safe place. That was for a simple will for me and my wife. Any money goes to spouse, when both dead to children, or grandchildren if children dead. If family wiped out, it goes to some nieces. And arrangements have been made for guardianship of our children.

[RightLaugh]

too

whatever

[TheFaQQer]

just about to edit but you got in there to quickly.

too

[RightLaugh]

just about to edit but you got in there to quickly.

[TheFaQQer]

anyone done a split tenancy on there house?

Do you mean joint tenancy or tenancy in common?

Be careful about which one you are going for if you are leaving the property to different people.

[BA to the Stars]

anyone done a split tenancy on there house?

their

[RightLaugh]

anyone done a split tenancy on there house?

[TheFaQQer]

Attention! Attention! Everyone take note.

Someone posted a question in General......

.....and the first answer was a simple straightforward sensible reply......

.....no p*ss taking!!!!

amazing!!!!

Always here to help!

[TheFaQQer]

Is it worth drawing up trusts for life insurance etc to keep them seperate from inheritance tax.

You can either sort out a trust as part of the will, which is costly, or sort a trust out for the insurance policies which the insurance company will do for you for free. Just fill in the paperwork that they send you.

I only have one for the insurance, my parents have a more complicated one that handles more than just the life insurance, but they have a bigger estate than I do. They paid quite a bit for their wills, though. I know that there will be some IHT to pay on my estate, but having the bulk of the insurance money paid into a trust first will save a shed load.

[Bear]

Attention! Attention! Everyone take note.

Someone posted a question in General......

.....and the first answer was a simple straightforward sensible reply......

.....no p*ss taking!!!!

amazing!!!!

[RightLaugh]

If you do it yourself, nothing.

If it's simple and straightforward, £100 or so. Think that's what I paid for myself and Mrs F.

If it's not simple, and you are drawing up trusts etc. then up to £500.

Is it worth drawing up trusts for life insurance etc to keep them seperate from inheritance tax.

[TheFaQQer]

If you do it yourself, nothing.

If it's simple and straightforward, £100 or so. Think that's what I paid for myself and Mrs F.

If it's not simple, and you are drawing up trusts etc. then up to £500.

[RightLaugh]

how much should it cost to draw up a will?