My husband and I already have mirror wills but as he was recently diagnosed with Parkinson's dementia I've spoken to a Solicitor today with a view to us becoming tenants in common and each leaving our share to our grown up children.
I was quoted £1500 Inc vat to do this. I presume we have to make new wills. Does this seem like the normal fee for doing this or should I shop around other Solicitor's?
Also does this make any difference to the children financially if one of us passed away that they would in theory be inheriting 50% of the house from a tax point of view?
Thank you.
I was quoted £1500 Inc vat to do this. I presume we have to make new wills. Does this seem like the normal fee for doing this or should I shop around other Solicitor's?
Also does this make any difference to the children financially if one of us passed away that they would in theory be inheriting 50% of the house from a tax point of view?
Thank you.