Clarke Willmott’s fee schedule for your clients
Will packages
| Package or product | A fixed fee will be agreed once the structure and any additional work or enhancements to the structures have been agreed. Guide Price to Client (plus VAT). |
SJP referral fee |
| Flexible Will for a single person | £1,550 to £2000 (single) | 10% of the fee |
| Asset Protection Wills | £2100 to £2,500 (per pair) | 10% of the fee |
| Next Generation Protection Wills | £2,400 to £3000 (per pair) | 10% of the fee |
| Family Protection Wills | £2,700 to £3,300 (per pair) | 10% of the fee |
| Exempt Asset trust bolt on1 | £600 (single Will) to £900 (Mirror Wills) | 10% of the fee |
| Property Discount bolt on1 | £600 (single Will) to £900 (Mirror Wills) | 10% of the fee |
| Right to occupy property1 | £500 (single Will) (asset protection wills for mirror provisions) | 10% of the fee |
| Option to buy property1 | £600 (single Will) to £900 (Mirror Wills) | 10% of the fee |
| Loan plan provisions1 | £400 (single Will) to £700 (Mirror Wills) (for first loan plan, £60 (single)/£85 (pair) for each additional loan plan | 10% of the fee |
Lifetime planning
| Package or product | A fixed fee will be agreed once the structure and any additional work or enhancements to the structures have been agreed. Guide Price to Client (plus VAT). |
SJP referral fee |
| Creation of lifetime trust N.B Extra costs will apply for a transfer of a property to the trust. |
£1200 for due diligence and advice £2,000 for Trust Deed £600 for completion of IHT100 account £600 for registration with Trust Registration Service for up to 4 beneficiaries and an additional £15 for each additional beneficiary requiring registration |
10% of the fee |
| Holiday Home Trust – UK property only (If registered freehold property with no mortgage) | £1200 for due diligence and advice Documentation from £2,650 £600 for completion of IHT 100 account £600 for registration with Trust Registration Service for up to 4 beneficiaries and an additional £15 for each additional beneficiary requiring registration Land registry fees may also be payable |
10% of the fee |
| Helping children onto the property ladder | £1200 for due diligence and advice Documentation from £2,650 £600 for completion of IHT 100 £600 for registration with Trust Registration Service for up to 4 beneficiaries and an additional £15 for each additional beneficiary requiring registration Land registry fees may also be payable |
10% of the fee |
| Family Investment companies | £14,000 to £19,000 | 10% of the fee |
| Domicile review and report | £4,000 to £5,000 | 10% of the fee |
Estate administration and implementation
| Package or product | A fixed fee will be agreed once the structure and any additional work or enhancements to the structures have been agreed. Guide Price to Client (plus VAT). |
SJP referral fee |
| Full estate administration | Please contact us for details. A fee estimate range and fixed fee alternative will be provided when we have sight of full details of the estate and the Will | |
| Grant only (excepted estate) | £2,500 grant application based on records and valuations provided Plus £600 for reviewing position if it is second death with NRBT on first death where all information is available; £800 plus VAT when all information is not available Any additional work or advice (eg normal expenditure out of income, >4 lifetime gifts, transferable nil rate band etc) at hourly rates |
10% of the fee |
| Grant only (IHT 400) (non-taxpaying estates due to value or spouse or charity exemptions only. Not available for taxable/business/agricultural relief estates) | £3,500 grant application based on records and valuations provided Plus £600 for reviewing position if it is second death with NRBT on first death where all information is available; £800 plus VAT when all information is not available Any additional work or advice (eg normal expenditure out of income, >4 lifetime gifts, transferable nil rate band etc) at hourly rates |
10% of the fee |
| Grant only (IHT 400-taxable or non-taxable due to Business Relief/Agricultural Property Relief etc) | Bespoke-fixed fee can be offered with full information | |
| Transferable nil rate band claim pack | £700 | 10% of the fee |
| Trust registration for estates requiring registration | £600 for up to 4 beneficiaries and an additional £15 for each additional beneficiary requiring registration |
10% of the fee |
| Deeds of variation – add legacies, no trusts | £1,2002 | 10% of the fee |
| Deeds of Variation on to discretionary trust Reporting on impact of existing Will and lifetime gifts of deceased (due diligence report) The Deed of Variation adding trusts or making gifts to existing trusts including tax and estate planning advice and documentation |
Due diligence report £1200 Deed of Variation £2,0002 Loan Arrangements (inc loan agreement and trustees resolutions if required) £1,000 Trust Registration Service £600 plus VAT for up to 4 beneficiaries and an additional £15 for each additional beneficiary requiring registration |
10% of the fee |
| Deed of Variation Loan Plan Package including due diligence report and deed of variation to vary the will to leave a legacy of the outstanding loan to the loan plan trustees | Due diligence report £1200 Deed of Variation £1,000 for 1 loan plan legacy and an additional £200 for each additional loan plan |
10% of the fee |
Trust Planning
| Package or product | A fixed fee will be agreed once the structure and any additional work or enhancements to the structures have been agreed. Guide Price to Client (plus VAT). |
SJP referral fee |
| Review of existing nil rate band discretionary trusts and impact of residence nil rate band | £950 | 10% of the fee |
| First death nil rate band discretionary trusts – review and/or late implementation | Please contact us for details | |
| Implementation of options: | ||
| terminate trust; or | £1000 | 10% of the fee |
| loan and charge package; | £3000 | 10% of the fee |
| convert trust to life interest; or | £2,250 | 10% of the fee |
| Other trust restructuring | Please contact us for details | |
| Trustee appointment and retirement | £950 | 10% of the fee |
| Trustee removal and replacement (mental incapacity with COP application) | Please contact us for details | |
Lasting Powers of Attorney
| Package or product | A fixed fee will be agreed once the structure and any additional work or enhancements to the structures have been agreed. Guide Price to Client (plus VAT). |
SJP referral fee |
| Business LPAs – to cover director or shareholder decisions |
Initial fee of approx. £900 for due diligence and advice Typically £ £500 to £750 per LPA document for one donor with one business. Corporate review fees payable in addition |
10% of the fee |
| LPA – Property and Financial Affairs – with registration | £358.33 (single LPA) £575 (pair of LPAs)3 Plus registration fee of £82 per LPA |
If SJPP fully completes and provides the LPA questionnaire a referral fee of £58.33 is payable, if not waived |
| LPA – Health and Welfare – with registration | £358.33 (single LPA) £575 (pair of LPAs)3 Plus registration fee of £82 per LPA |
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| LPA – both types for single person – with registration | £5753 Plus registration fee of £82 per LPA |
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| LPA – both types for a couple – with registration | £1,0003 Plus registration fee of £82 per LPA |
For more information on these products please refer to the Clarke Willmott Packages and Products guide for the St James’s Place Partnership. This can be found on Clarke Willmott page on the SJP intranet, the SJP area of the CW website or can be provided on request by contacting your usual contact or emailing sjp@clarkewillmott.com.
1 These products may be added to the following packages: Asset Protection Wills, Next Generation Protection Wills or Family Protection Wills.
2 These fees only apply where instructions to effect the variation are received at least two months prior to the expiration of the two year variation period.
3 Does not include certification of the LPA (charged according to time spent – minimum £35 per LPA).