Do I Need a Will If I Don’t Own Much?

Many people assume that Wills are only necessary for those with significant wealth or substantial property. In reality, that is not always the case. Even where an estate is relatively modest, having a properly prepared Will can still be an important legal step.

A Will is not simply about the size of your estate. It is about deciding who should inherit your assets, who should deal with your affairs, and whether your wishes are followed after your death.

Without a valid Will, fixed legal rules known as the intestacy rules determine who inherits. These rules apply regardless of personal circumstances and may not reflect what you would have wanted.

Even modest estates can include savings, personal possessions, vehicles, insurance proceeds, or an interest in property. These assets may still be important to the people you leave behind.

A Will can also allow you to appoint executors, making it clearer who is responsible for administering the estate. In many cases, this can make matters easier for family members at a difficult time.

For many people, the real issue is not the value of the estate. It is whether they would prefer the law to decide what happens, or whether they would rather make those decisions themselves.

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FAQ

Do I need a Will if I only have savings?

Often yes. Savings and personal possessions still form part of your estate.

Is a Will only for wealthy people?

No. Wills can be beneficial for estates of many sizes.

What happens if I die without a Will?

The intestacy rules determine who inherits your estate.

Can a Will make things easier for family?

Yes. A clear Will can reduce uncertainty and simplify administration.

If you would like advice about making a Will, MJV Solicitors provide clear guidance and transparent pricing.

Purchase price	Our fee	VAT	Total
£0-£100,000	£600	£120	£720
£100,001 - £150,000	£650	£130	£780
£150,001 - £200,000	£700	£140	£840
£200,001 - £250,000	£750	£150	£900
£250,001 - £300,000	£800	£160	£960
£300,001 - £400,000	£850	£170	£1020
£400,001 - £500,000	£900	£180	£1080
£500,001 - £750,000	£1000	£200	£1200

Additional charge and explanation	Our fee	VAT	Total
Bank transfer fee	£30.00	£6.00	£36.00
Independent ID verification (per person)	£5.00	£1.00	£6.00

Charge	Our fee	VAT	Total
Purchase of a leasehold house	£100.00	£20.00	£120.00
Purchase of any other leasehold property	£150.00	£30.00	£180.00
Purchase of a shared ownership property	£250.00	£50.00	£300.00
Gifted deposit	£50.00	£10.00	£60.00
New build property	£250.00	£50.00	£300.00

Local Authority’s current search fee (if Blackpool, Wyre or Fylde)	£122.70 inc VAT
Drainage and Water search fee	£79.50 inc VAT
Environmental search	£71.40 inc VAT
Land Registry priority title search	£3.00 no VAT
Bankruptcy search - £2 per seller named on the Register of Title	£2.00 no VAT
Land charges search - £2 per seller named on the Register of Title	£2.00 no VAT

Purchase price	Land Registry registration fee (no VAT)
£0 - £80,000	£20.00 no VAT
£80,001 - £100,000	£40.00 no VAT
£100,001 - £200,000	£100.00 no VAT
£200,001 - £500,000	£150.00 no VAT
£500,001 - £1,000,000	£295.00 no VAT
£1,000,000 and above	£500.00 no VAT

Do I Need a Will If I Don’t Own Much?

FAQ

Call: 01253 858231

info@mjvlaw.co.uk

Cleveleys Office

Blackpool Office

Conveyancing price guide

Introductory paragraph explaining price transparency and why the costs are displayed below.

Purchasing

Selling

Purchase price	Our fee	VAT	Total
£0-£100,000	£600.00	£120.00	£720.00
£100,001 - £150,000	£650.00	£130.00	£780.00
£150,001 - £200,000	£700.00	£140.00	£840.00
£200,001 - £250,000	£750.00	£150.00	£900.00
£250,001 - £300,000	£800.00	£160.00	£960.00
£300,001 - £400,000	£850.00	£170.00	£1020.00
£400,001 - £500,000	£900.00	£180.00	£1080.00
£500,001 - £750,000	£1000.00	£200.00	£1200.00
Over £750,000	To be negotiated	To be applied	To be agreed