Our Costs - Probate
FEES, DISBURSEMENTS & TIMESCALES
Area of Law: Private Client
Sub Area of Law: Probate
All Probate matters are unique and an individual quote will be given to you based on the complexities and size of the estate and the administration thereof.
We will handle the full process for you. The following fixed fee example is for estates where:
There is a valid Will;
There is no more than one property;
There are no more than six bank or building society accounts;
There are no other intangible assets;
There are 2-4 beneficiaries;
There are no disputes between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in 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
Subject to further factors that may apply, based on applying for the Grant, collecting and distributing the assets we anticipate that this will take between 4 to 20 hours at £250 per hour plus VAT. Total costs estimated at £800 to £5,000 plus VAT.
The exact costs will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
Please contact us to discuss, so an individual quote can be prepared.
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Disbursements are costs related to your matter that are payable to third parties, such as Court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process. The usual disbursements being:
Probate application fee £155.00
Swearing of the Oath (per Executor £9)
Bankruptcy-only Land Charges Department Searches (per beneficiary £1)
Post in the London Gazette – Protects against unexpected claims from unknown creditors (cost varies)
Post in Local Newspaper – This also helps to protect against unexpected claims (cost varies)
Potential additional costs:
If there is no Will or the Estate consists of any share holdings (stocks and bonds) there is likely to be additional costs that could range significantly depending on the Estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
If any additional copies of the grant are required
Dealing with the sale or transfer of any property in the Estate is not included
An Inheritance Tax Form IHT400 is required and/or IHT is payable. If this is applicable the timescales below are likely to be extended.
On average Estates that fall within this range are dealt within 4-8 months. Typically obtaining the Grant of Probate takes 8 – 10 weeks. Collecting assets then follows, which can take between 8 – 10 weeks.
Once this has been done, we can distribute the assets, which normally takes 2 – 4 weeks. Please note however, the estate cannot be finalised until any properties have been sold.
OUR PRIVATE CLIENT TEAM
(Over our four offices)
Years of Experience
Areas of Law Practiced
Solicitor | Wills and Probate
13 Years of Experience
Wills, LPA’s & Probate & Estates and Succession Planning
Partner and Solicitor | Wills and Lasting Powers of Attorney
20 Years of Experience
Wills, LPAs & Probate, Estate & Succession Planning
Associate & Solicitor | Private Client Executive
10+ Years of Experience
LPAs & Probate. Court of Protection
Solicitor | Private Client
29 Years of Experience
LPAs & Probate (also Civil Litigation expert)
Associate & Solicitor | Private Client
14+ Years of Experience
Wills, LPAs & Probate, Court of Protection
Probate Executive | Probate & Attorneyship
3 Years of Experience
LPAs & Probate. Court of Protection