The company operates from its base in Skipton North Yorkshire, for travel to appointments within a 30-mile radius of its base there is no fee, however for every 10 miles (or part thereof) above 30 miles from Skipton a reasonable £10 charge is made to cover the additional transport costs for each appointment attendance.

 

WILLS

Standard Will                                                                                                                                                                     £125 per Will

Guardianship Clause                                                                                                                                                           £30 per Will

Children’s Trust within the Will (18-25)                                                                                                                                 £40 per Will

Discretionary Trust within the Will (NRB + RNRB) (protects NRB + Residential Nil Rate Band)                                         £65 per Will

Interest in Possession Trust within the Will (for estates over £500,000)                                                                              £65 per Will

 

Each Will comes with the following associated documents:

Will Clarity Statement - Outlines how the instructions were taken, who was present, risk assessments, mental capacity, and the reasoning behind the testators’ choices.  It is signed by the Testator when signing the Will, reassuring them that if the worst were to happen, this extra precaution to ensure that the Testator's wishes are clearly heard and well documented thus reducing the risk of a successful claim against the will or the capacity of the Testator.

Execution Statement - Manages the entire Will execution process producing the Execution statement, reducing the risk of any doubts on its validity.  The Execution Statement is signed by the Testator at the time of signing the Testators Will producing a comprehensive audit trail which can be referred to in the future if the validity of the attestation of the Will is challenged.

Document Commentary – Most legal documents are extremely complex given all the “legalese” which they have to contain, this can cause confusion to a lay Executor (usually your family) who would most likely then hand the job to a Solicitor, with all the Solicitors associated costs. This Commentary provides a full and comprehensive explanation of all the clauses and jargon included in the Will and other legal documents.  This document is in plain English, is uniquely personalised and professionally produced.

 

Severance of Joint Tenancy - Inc. Deed of Severance                                                                            £65 per Residential property

                                                                                                                                                                  £35 per Additional property 

POWERS OF ATTORNEY

LPA, Property and Financial Affairs     (Inc. Registration Documents)                                                                                  £300 each

LPA Health and Welfare                       (Inc. Registration Documents)                                                                                  £300 each

LPA Package P&A and H&W              (Inc. Registration Documents)                                                                         £500 per person

(A saving of £100 per person)

 

Advanced Directive/Living Will                                                                                                                                      £25 per person

An Advanced Directive should accompany an LPA for Health and Welfare if the donor is giving their attorneys the authority for making Life Sustaining Treatment decisions on their behalf.  It provides both Attorney’s and medical professional’s clear instructions as to how the donor would wish to proceed if they had the capacity to make that decision themselves, taking away the confusion as to what the donor wanted and how to proceed.

OPG Fee                                                                                                                                                                   £82 per document

The OPG fee is the registration admin fee payable to the Office of the Public Guardian.  These LPA documents have to be registered before they can be used as intended.  The registration process can take up to 3 months so it is advised to register the document without delay.

Please note that LPA Registration fees are additional to my fees as some clients may be either exempt or eligible to apply for 50% Remission on the registration fee per document.

Home Protection Trust                                                                                                                          Single £2,850 - Couple £3,350 

The Home Protection Trust consists of a single or double trust.  Its typical use is where assets such as your residential home and or available capital or appropriate investments are required to be protected during your single or joint lifetimes.

This trust requires a high degree of advice justification, due to the possibility of it being challenged if it is considered to have been established to deliberately deprive a potential claimant of the use of the trust assets, for instance, if set up to deliberately try to avoid paying care fees.  Deliberate Deprivation of Assets is Illegal and this company will not advise on the use of this trust without sufficient and suitable justification.

Suitable advice situations could typically include one or more of the following: -

  • Where a beneficiary does not have mental capacity.

  • Where there is a risk of a beneficiary being or becoming vulnerable.

  • Where there is a risk of a beneficiary being or becoming bankrupt.

  • Where there is a risk of a beneficiary being or becoming divorced.

  • Where there is a risk of a beneficiary being or becoming dependant on means-tested benefits.

  • Where there is a risk of a beneficiary being or becoming unable to manage their own finances.

  • Where there is a risk of a beneficiary being or becoming dependant on or addicted to alcohol/drugs.

  • Where Professional Trustees are required!

 

This trust is a discretionary trust and will potentially have an adverse effect on your inheritance tax potential liability as it could exclude the ability to make a claim on a deceased’s estate for the additional Residential Nil Rate Band.  Advice on the use of this type of trust in respect of IHT Planning and available allowances/reliefs must therefore be conducted with your own Financial Advisor. 

For a couple, this package also includes Severance of Joint Tenancy and a Deed of Severance if the property is jointly owned.

Business Estate Planning

 

 

Standard Business Will                                                                                                                                                      £125 Per Will

Business Trust                                                                                                                                                                    £65 per trust

This is for a business owner who wishes to include a Business Property Protection Trust or a Business Discretionary Trust in the Will(s).  Especially useful where the beneficiary of the business trust is a minor.

Lasting Power of Attorney - Business LPA, Property and Financial Affairs - (Inc. Registration Documents)                        £300 each

LPA’s are vitally important and powerful documents, appointing another person or people to act on behalf of the (Donor) in either maintaining the operation of the business or winding up the business if they ever lose mental capacity either temporarily or permanently. 

OPG Fee                                                                                                                                                                   £82 per document

The OPG fee is the registration admin fee payable to the Office of the Public Guardian.  These documents have to be registered before they can be used as intended.  The registration process can take up to 3 months so it is advised to register the document without delay.

Please note that LPA Registration fees are additional to my fees as some clients may be either exempt or eligible to apply for 50% Remission on the registration fee per document.

Call us today on 07738 902 397

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Steve Law Estate Planning. Company Number 12187058

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