Pricing

Probate Pricing

Thank you for looking at our probate services. Coping with the death of a person can bring a mixture of emotions and the legal side of dealing with a person’s death can often be overwhelming and confusing. Having compassionate, experienced legal advice can make this difficult situation much easier on you and your loved ones.

Whether the deceased person left a Will or whether there is substantial wealth and property involved, the sense of burden can increase. Where a Will is in existence the Executors will need to apply for the grant of probate which will give them the legal right to administer the estate. Where there is no Will in existence, the Will is invalid, or it does not specify Executor, an Administrator will need to be appointed.

Why Us

We have an experienced team who can assist you with every aspect of the probate process, reducing the administrative burden and advising sensitively on key decisions which need to be made when managing an estate. We are aware that administering an estate comes at a time of grief and high emotion, and that most people do not know the processes and legal requirements involved.

We will give you a clear time frame of how long probate should take and will keep you and any beneficiaries advised throughout.

You will have the confidence that you are our priority, with our aim being that any member of the team is available to speak with you when you need some clarity and certainty at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. Fees are generally paid out of the estate, so there may not be a need for you to fund the administration.

Pricing

The fees involved in a probate matter can vary and this will depend on the individual circumstances involved.

We offer both fixed fees for obtaining a Grant of Probate or Letters of Administration only and an hourly rate charging rate, whereby you will be charged for each hour of work undertaken for administering the whole or part of the Estate

Fixed Fee (Grant only)

We can help you by obtaining the appropriate Grant on your behalf.  For a fixed fee we will:-

  • Provide you with a dedicated and experienced Probate solicitor to work on your matter
  • Identify the legally appointed executors, administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Complete the relevant HMRC Inheritance Tax Forms (and if applicable arrange for the payment of any inheritance Tax from the deceased’s assets)
  • Draft a Legal Oath for you to swear
  • Make the application to the Probate Registry of the High Court on your behalf
  • Obtain the Grant and securely send this to you

Item

Amount

VAT

Total

Fixed Legal Fees for obtaining the Grant (including completion of the HMRC Inheritance Tax short return)

£400

£80

£480

Fixed Legal Fees for obtain the Grant (including completion of the HMRC Inheritance Tax full tax return and if applicable arranging for the payment of Inheritance Tax)

£1,000

£200

£1,200

Please note you are expected to obtain a valuation for the Estate and to provide documentary evidence of this to enable us to extract the Grant on your behalf

Please also note that the Anticipated Disbursements for the Probate Fee, Office Copies of the Grant of Probate and Commissioners Fees for Swearing Oath set out below also apply

Administration of whole or part of the Estate

Our legal fees for undertaking the administration of the Estate on your behalf is based on an hourly rate of £205 plus VAT per hour.  We charge only for the work we carry out on your behalf - We do not make a percentage charge based upon the value of the Estate.

The amount of our legal fees will depend upon the amount of work required to complete the administration of the Estate.  There is generally more work involved when:-

  • There are a large number of beneficiaries
  •  There are a number of different types of assets in the Estate (eg. a number of bank accounts with different banks, different types of investments, a house or property)
  • The value of the estate is above the Inheritance Tax threshold
  • trusts are created either in the Will or statutory trusts are created on intestacy (where there is no Will)
  • you require us to carry out non-legal work such as visit unoccupied properties for valuation/insurance purposes, and arrange for the clearance of property

Example:-

We will handle the full process for you and this estimate is for estates where:

  • There is a valid Will or there is no Will
  • The Executors or Administrators of the Estate have been identified
  • There are known (approximately 5) beneficiaries
  • There is only one property in the Estate and few cash assets
  • There are no disputes between beneficiaries on the division or transfer of assets. If disputes arise this will lead to an increase of costs
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC
  • There are no claims made against the estate

For the above work our fees legal fees will range between £3,000 to £5,000 plus VAT and disbursements.

Should a full HMRC Inheritance Tax account be required whether or not Inheritance Tax is payable then our fees for the above work are typically between £4,500 to £6,500 plus VAT and disbursements.

Please also note that the Anticipated Disbursements for the Probate Fee, Office Copies of the Grant of Probate and Commissioners Fees for Swearing Oath set out below also apply

Additional Costs

In the event that there are large number of cash assets or investments such share holdings (Stocks and Bonds), in the estate for example, or a large number of beneficiaries or trusts are created in the Will then there are likely to be additional fees incurred

Our fees will vary and are dependent upon individual circumstances.  However, once we have met with you and have a clear understanding of the amount of work involved in the administration of the Estate then we will send you a clear estimate of our costs.  We will not exceed these costs without your prior agreement.

The cost of selling or transferring a property is not included in this price, if you require this service, please let us know and we will provide you with an estimate in that regard.

Disbursements

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees or court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Anticipated Disbursements

Item

Amount

VAT

Subtotal

Probate Fee

£155

0

£155

Office Copies for the Grant of Probate x 5

£2.50

0

£2.50

Bankruptcy Search fee (per beneficiary)

£2

£0.40

£2.40

Post in the Local Newspaper

£146.02

£29.20

£175.22

Post in the London Gazette

£69.50

£13.90

£83.40

Estimated Total

  

£422.12

Inheritance Tax

There are various factors that will affect any Inheritance Tax due on an estate, including the size of the estate and any measures that were put in place by the deceased to limit the estates tax liability.

We do not believe that it would be sensible to attempt to provide at this stage an estimate of any tax that may be payable. We would advise you to look on the HMRC Website to calculate Inheritance Tax which may be due, the calculators can be found at: https://www.gov.uk/guidance/hmrc-tools-and-calculators#inheritance-tax-and-bereavement

Exclusions

We have tried to provide you with a clear charging structure showing the work included in both our fixed fees and the work carried out at an hourly rate, however there may be factors which would typically increase the cost of the fees involved. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

Additional services that will require the assistance of a third party at additional cost include:

  • Tax advice
  • Valuations for property, savings, investments or other assets
  • Accountant (for complicated tax affairs)

Time Scales

On average, probate for the typical estate will take between 3 – 12 months. Generally, the time taken to obtain the Grant of Probate will take between 2 - 3 months, followed by the collection of assets and distribution of the assets which can take between 4 -12 months. The range takes into account handling everything from straightforward estates through to more complex estates.

Key Milestones

With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

  • Applying for Grant of Probate
  • Obtaining Grant of Probate
  • Settling Liabilities
  • Collecting funds ready for distribution
  • Distributing funds
  • Producing Estate accounts