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Will, Storage & Trusts...
madfrenchg1rl
Posts: 3 Newbie
Hello MSErs!
I haven't posted on here for years and could not remember my original email address so had to create a new account.
I was wondering if you helpful folks could help me once more. My husband and I have contracted the services of Legacy4Life to draw a will.
Now we have already paid for the normal basic will to be drawn BUT...
We have been offered 2 extra services:
- one to securely store the will and cover for any later amendments at the tune of £300 ish
- the other to draw up a Tenant in Common Trust for £500ish
Now, from doing a bit of research, one can store their will with the Probate office for £20 per will. So that leaves us with paying £280 odd to cover the possibility of amending the will. Considering any amendments cost £80, you'd have to make at least 4 changes in your lifetime to make this service worth it.
You can tell I am not convinced. What do you think? Just want to check if I was on the right track.:(
The TIC into Trust service does interest us. It's the kind that puts your home into a trust passed on to the surviving party/OH so the children (nor the council) can force a sale. In essence, it's a case of protecting one another from people wanting to force you out to get the cash.
I struggle to find any quotes online, only explanations of the trust. Does anyone know how much this service costs normally? £500ish seems a bit steep.:eek:
Thank you in advance.
I haven't posted on here for years and could not remember my original email address so had to create a new account.
I was wondering if you helpful folks could help me once more. My husband and I have contracted the services of Legacy4Life to draw a will.
Now we have already paid for the normal basic will to be drawn BUT...
We have been offered 2 extra services:
- one to securely store the will and cover for any later amendments at the tune of £300 ish
- the other to draw up a Tenant in Common Trust for £500ish
Now, from doing a bit of research, one can store their will with the Probate office for £20 per will. So that leaves us with paying £280 odd to cover the possibility of amending the will. Considering any amendments cost £80, you'd have to make at least 4 changes in your lifetime to make this service worth it.
You can tell I am not convinced. What do you think? Just want to check if I was on the right track.:(
The TIC into Trust service does interest us. It's the kind that puts your home into a trust passed on to the surviving party/OH so the children (nor the council) can force a sale. In essence, it's a case of protecting one another from people wanting to force you out to get the cash.
I struggle to find any quotes online, only explanations of the trust. Does anyone know how much this service costs normally? £500ish seems a bit steep.:eek:
Thank you in advance.
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