Our prices for drafting a trust instrument for you also include our ‘no hidden costs’ promise. This means the price you see quoted is the price you pay. Other firms often exclude or charge separately for additional services when drafting a trust such as assessing capacity, home visits, issues with severance of certain interests meaning you could end up paying much more than the initial quote appears. Our fixed fees include all work and, if necessary, a home visit in the Merseyside and Cheshire regions.
Our fixed fees for the most common types of trust we deal with are as follows:
- £700+vat for a discretionary trust and £900+vat for a mirror discretionary trust
- £750+vat for a special needs personal injury trust
Disbursements and timescales
The only disbursements for our trusts service are mileage rates at the HMRC rate of 45p per mile in the event a home visit is required and, should the same be necessary on account of complex tax affairs, fees of any necessary advisor such as an accountant or counsel.
Timescales to complete a will vary from a few days to a few weeks.