Small changes to Will treated as new Will

Savvy_Sue

Aha, was the original will written by a firm of will-writers, or a 'proper' solicitor?

Ageing_Stick_Insect

Savvy_Sue wrote: »

Aha, was the original will written by a firm of will-writers, or a 'proper' solicitor?

Proper solicitors. Probably a bit of inexperience on my part as it was my first time. I'll be better equipped on Monday when I meet the new one.

BobQ

Ageing_Stick_Insect wrote: »

I wrote a will 6 years ago naming a nephew as a beneficiary and executor. Sadly, he died earlier this year so the will needs changing with the beneficiaries and new executor changing.

The Solicitors holding my existing Will say it needs rewriting as a new one. The cost is £250 + VAT so £300.

They also went on to say even small changes like address change would be treated as a new Will so another £300.

Is this standard practice for Solicitors? This is a large one with many solicitors rather than a small one. Or should I keep addresses separately and just provide names to protect myself from further charges?

Whether £300 is fair may depends on where you live and how complex your will is.. Are you clear that there is no need for more changes to your Will, 6 years is a long time, IHT rules have changed since then IIRC for example

Ageing_Stick_Insect

BobQ wrote: »

Whether £300 is fair may depends on where you live and how complex your will is.. Are you clear that there is no need for more changes to your Will, 6 years is a long time, IHT rules have changed since then IIRC for example

Given that will cost £112 when I had it drawn up in 2012 tells me I'm being ripped off. The new one will cost £135 from the new solicitors. I'm aware of the limit on IHT.