My late uncle made me his sole executor, and his estate consists of just one bank balance. There is only one beneficiary. The solicitor who drew up his will gave me a quote based on his hourly rate. The cost agreement said it is impossible to know precisely the final fee but that it could be more or less than the amount quoted. I received a fixed-fee quote from a different solicitor which is less than half of the amount quoted by my father's solicitor. Because the will is likely to be challenged and contested, a little voice in my head is telling me to stick with my uncle's solicitor despite the cost because he has a knowledge of the circumstances surrounding the will, and has statements and notes that were made with him. Would this be the prudent thing to do?
The fixed price quote might have been made
on the assumption that the will was simple, that the estate was small, and
that the circumstances were uncontentious.
It might have also presumed that the client (the executor)
is a reasonably sophisticated person, with the personal wherewithal,
and the available personal time, to do the leg work.
Look within. You already know what the prudent thing to do is, really.
on the assumption that the will was simple, that the estate was small, and
that the circumstances were uncontentious.
It might have also presumed that the client (the executor)
is a reasonably sophisticated person, with the personal wherewithal,
and the available personal time, to do the leg work.
Look within. You already know what the prudent thing to do is, really.
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