Trust Inheritance Will Writing Service

mark3333

Hello

I am posting for the first time to try to get some info about a company called Trust Inheritance based in Weston-Super-Mare. They cold called my wife to offer a £49 Will writing and storage service. We accepted this offer as we were wanting to write a Will anyway. The rep turned up and off we went, setting out who was to get what etc.
Along the way the subject of executor(s) came up, with examples of what a time consuming and potentially expensive and stressful role this could be for someone with no legal experience etc. So it became more and more obvious that a solicitor could not only stand paying out the death duty before reclaiming this later but would also be more able to 'wind up the estate' more efficiently than Uncle Jed who agreed 20 years ago to act as executor but who now lives in Spain and is a bit deaf etc etc......
So then as you agree that it would be easier for TI solicitors to deal with it all you are then asked how you wish to pay the £2600 for them to do this....

I thought we were getting a lot for £49......

However, it does seem like a good deal.
£2600 one off + 1% max fees when 'winding up the estate' on each death. Complared to 4% on each death when using a solicitor or bank.
Examples given for a £750k estate = 2600 + 7500 + 7500 = 17600
v 30000 + 30000 = 60000 (+cost of storing Will etc)

or a £42,400 saving........
on todays property prices.

Sounds as if Wills are being sold on what they cost NOW to set up but not on what they cost to sort out at death. Obviously it won't effect you too much but who would you rather give th money too after you are gone - the solicitor or the kids....?

What do you think? Is this genuine or a scam - has anyone else come across this firm or know anything that would put my mind at rest......??

Thanks in advance

Mark

dzug

Pah. The role of executor is not distressing or stressful in the least for someone without legal experience as long as they've got a bit of common sense and are literate. 99% of it is routine clerical work. Certainly less stressful than watching a solicitor stretch it out over as many months as he thinks he can get away with, plus a few more.

Just appoint someone with that in mind - if they feel they can't do it they can always enlist professional assistance at the time.

The question I'd ask is are they (Trust Inheritance) going to be around in 20 years time - probably not.

Probably not an outright scam but not a good idea.