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 personally.

We are proud to hold Lexcel Accreditation, issued by the Solicitors Regulation Authority. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.

Pricing

The fees involved in a probate matter can vary and this will depend on the individual circumstances involved. The following information relates to estates where all assets are located in the United Kingdom.

We offer hourly rate charging where you will be charged for each hour of work undertaken. Our hourly rates are between £120 plus Vat and £250 plus Vat.

Range of Costs  - Application for Grant of Representation only

We can help you through this process by obtaining the Grant of Representation  on your behalf, and you can then collect and distribute the estate yourself if you feel confident in doing so.

How much does this service cost ?

We anticipate that our legal fees will range between £600 to £900 plus VAT and disbursements.

The exact costs will depend on the individual circumstances of the matter.  For example the costs will be at the higher end :-

  • If there is no Will or
  • If it is necessary to apply for the Residence Nil Rate Band
  • If it is necessary to apply for the Transferable Nil Rate Band
  • If it is necessary to give notice to one or more executors
  • If it is necessary to prepare a renunciation for one or more executors

As part of our fee we will:

  • Provide you with a dedicated and experienced probate solicitor or legal executive to work on your matter
  • Identify the legally appointed executors or administrators
  • Accurately identify the type of application you will require
  • Obtain the relevant documents required to make the application
  • Complete the  Application and HMRC IHT205 Form
  • Draft a Legal Oath for you to swear
  • Make the application to the Probate Court on your behalf
  • Obtain the Grant of Representation and forward this to you together with the number of office copies you require

Disbursements not included in this fee:

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 and have set out below those we anticipate would be needed.

  • Probate application fee of £155
  • Additional copies of the grant are required, they will cost £0.50 plus VAT (1 per asset usually)
  • £7.00 Swearing of the oath (per executor)

Range of Costs  - Application for Grant, Collecting and Distributing the Assets

We can assist you in collection and distribution of the assets as well as applying for the Grant

How much does this service cost?

We anticipate that our legal fees will range between £2,000 to £4,000 plus VAT and disbursements.

The exact costs will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property the costs will be at the lower end of the range. If there are multiple beneficiaries and multiple bank accounts, costs will be at the higher end.

As part of our fee we will:

  • Provide you with a dedicated and experienced probate solicitor or legal executive to work on your matter
  • Identify the legally appointed executors, administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Ascertain the extent of the estate in order to make the application
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and relevant HMRC Forms
  • Draft a Legal Oath for you to swear
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and as many office copies as are required
  • Lodge the Grant with the asset holders to collect in the assets
  • Prepare the Estate Accounts for approval
  • Collect and distribute all assets in the estate in accordance with the Will.

Disbursements not included in this fee

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 and have a set out below those we anticipate would be needed.

  • Probate application fee of £155
  • Additional copies of the grant are required, they will cost £0.50 plus VAT (1 per asset usually)
  • £7.00 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2.00 plus VAT per beneficiary)
  • Post in The London Gazette and in the Local Newspapers – this also helps to protect against unexpected claims – approximately £300.00 as dependent on local newspapers

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. For general guidance, 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

Additional Costs

In the following circumstances there is likely to be an additional cost depending on the estate and how it is to be handled. We will discuss this with you in detail and advise of any additional fees.

  • There is no valid Will
  • Any of the executors have died or refuse to act
  • The estate consists of more than one property
  • The estate consists of any share holdings (stocks and bonds)
  • There are more than 3 bank or building society accounts.
  • There are other intangible assets
  • There are more than 4 beneficiaries
  • There are beneficiaries who do not have capacity under the Mental Health Act or are minors
  • There are missing beneficiaries
  • There are disputes between beneficiaries on the division of assets.
  • There are trusts in the Will
  • There are claims made against the estate
  • An IHT400 needs to be completed due to the value of the estate or any gifts made during the lifetime of the deceased.
  • Inheritance Tax is payable
  • Business Property Relief needs to be applied for
  • Agricultural Relief needs to be applied for
  • Numerous legacies need to be paid

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.

There may be other 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 may  require the assistance of a third party at additional cost include:

  • Tax advice
  • Valuations for property, savings, investments or other assets

Time Scales

If you wish us to obtain the Grant this typically takes 6 to 12 weeks.

If you wish us to obtain the Grant and also to collect and distribute the assets, cases where estates fall within the above estimate of £2,000 to £4,000 plus VAT are usually dealt with within 4 to 8 months. Generally, the time taken to obtain the Grant will be between 6 to 12 weeks. Once this has been done, we can collect in the assets which will normally take a further 4 to 6 weeks.  Once the assets have been collected in we can prepare the estate accounts for approval and thereafter we can distribute the assets, which normally takes 6 to 12 weeks. If there is a property to be sold it will take longer as it will be dependant upon how long it takes to sell the property, and how long it then takes to complete the sale. 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
  • Producing Estate accounts
  • Distributing funds

We welcome enquiries and are happy to meet for a free of charge initial consultation. This will give us a chance to discuss matters with you and to provide you with an estimate of the potential costs tailored to your particular circumstances