Wills

If you die without a will, the law says who gets your money, property and possessions. However, most of us know who we want our assets to go to, be that family, friends or charity. A will is vital for our wishes to be fulfilled. A will can also reduce Inheritance Tax liability.

You could write your will yourself or use a will writing service but, for the many reasons we set out in our article Why use a solicitor to prepare your will?, we strongly recommend using a solicitor. At Carreg Law, wills are currently prepared by Carys or Wendy, who both have particular expertise in this practice area. Carys is fluent in Welsh.

The five-stage will preparation process with Carreg Law

1. Contact us to book an appointment at our office in Llandeilo

   If you’re unable to travel to the office, we may be able to arrange an alternative way of meeting you.

2. Attend the appointment

   We will ask you about your assets and your wishes after your death. Based on this information, we can provide you with either a fixed fee quotation or an estimate based on an hourly rate (depending on your type of will - please see ‘How much will it cost?’). There is no charge for the stage two appointment but if you wish to progress to stage three then our fees will apply.

3. We prepare your will and provide it to you (in draft form) by email or post

   This is your opportunity to check that you’re happy with everything. If any amendments are required, we will carry out these before moving to stage four. We usually ask for payment at the end stage three or when you attend the office at stage four.

4. Come to the office to sign your will

   The signing will be formally witnessed, which makes your will legally valid.

5. Choose where to store your will

   You can take your will with you or leave it with Carreg Law for safe storage and at no extra charge.

How much will it cost?

We will confirm your type of will at the end of your first appointment (stage two). If you would like to get an indication of your type of will before your first appointment, then you can either speak to Carys or Wendy over the phone or gauge it from our list of example features by will type: 

Basic will

• Basic funeral wishes

• No conditions or restrictions

• Gifts of up to four specific sums or assets

Standard will

• Detailed funeral wishes

• Having complex bequests, or bequests which depend on certain things happening

• Charitable bequests

• Several gifts of lump sums or specific assets (between five and ten)

• Discussion on basic Inheritance Tax liability

Complex will

• Discretionary trust

• Disabled beneficiary’s trust

• Trusts to protect vulnerable or irresponsible beneficiaries

• Trusts linked to tax planning

• A trust that allows a surviving partner or spouse to reside in the family home until they die, with provision for the family home to return to children

• Option to purchase property

• Gift of a business

• Research and advice in relation to complex Inheritance Tax

Lasting power of attorney discount when combined with a will

A lasting power of attorney (LPA) is as vital as a will. If you would like Carreg Law to prepare your will and LPA at the same time, we offer a 10% discount on our fees for your LPA. Find out more about lasting powers of attorney.

Find out more

Read our article Why use a solicitor to write your will?

Find out more about Carys and Wendy on the meet the team page.