We have set out below our fees for dealing with probate matters.
If you wish us to simply obtain the Grant of Probate/Grant of Letters for Administration only and undertake no other work, then we can do this for you for a fixed fee of £1000.00 + VAT.
Applying for the grant of probate and collecting and distributing the assets. If the total value of the estate is less than £350,000 and no inheritance tax is payable:
We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.
Our standard fixed fees as set out below are applicable for the following circumstances:
- There is a valid will;
- There is no more than one property;
- There are no more than 10 bank or building society accounts;
- There are no other intangible assets;
- There are 1 – 4 beneficiaries;
- There are no disputes between beneficiaries on the 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.
Fixed fee for an average estate:
Estate up to 4 bank/building society accounts: £1,500.00 + VAT
Estate from 4 – 10 bank/building society accounts: £2,100.00 + VAT
In addition to our fixed fees, we charge ‘disbursements’ which 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. We will advise you on what disbursements may be necessary for your case, but common disbursements include:
- Probate application fee: £155
- Swearing of the oath: £7 (per executor)
- Bankruptcy-only Land Charges Department searches: £2 (per beneficiary)
- Advert in The London Gazette (Protects against unexpected claims from unknown creditors): £85
- Advert in a Local Newspaper (This also helps to protect against unexpected claims): £60
Potential additional costs
If there is no will or the estate consists of any shareholdings (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, they will cost 50p (1 per asset usually).
Dealing with the sale or transfer of any property in the estate is not included in the probate fees.
Additional costs relating to the administration of the estate
If there is no Will there will be an additional charge in relation to the increased complexity: £300.00 + VAT
Banded fee scale in relation to the number of shareholdings/stock. The additional fees are as follows:
- 1 to 3 shareholdings: £100.00 + VAT
- 3 to 5 shareholdings: £250.00 + VAT
- 6 plus shareholdings: £300.00 + VAT
Banded fee scale in relation to the number of beneficiaries. The additional fee are as follows:
- 3 to 5 beneficiaries: £100.00 + VAT
- 6 plus beneficiaries: £250.00 + VAT
Applying for the grant of probate and collecting and distributing the assets; if the total value of the estate is more than £350,000 and there is, therefore, inheritance tax, the following is payable:
If there is inheritance tax payable, we can usually offer to act for you by charging a percentage of the value of the estate, based upon the following:
1% of the deceased’s personal estate at the date of death (i.e. the total value less the value of any house or other real estate owned by the deceased at the date of death) PLUS 0.5% of any real estate (i.e. property).
How long does probate take?
On average, estates are dealt with within 3 – 6 months. Typically, obtaining the grant of probate takes 6 – 8 weeks. Collecting assets then follows, which can take between 5 – 26 weeks, depending on the number and complexity of the assets involved.
We then prepare an estate account, which is a detailed account of the assets received, funeral, testamentary expenses and debts paid and any specific legacies and calculating the residuary estate for distribution Once this has been done, we can distribute the assets, which normally takes 2 – 4 weeks.
To help you at this difficult time we will:
- Provide you with a dedicated and experienced probate solicitor to work on your matter;
- Identify the legally appointed executors or administrators and beneficiaries;
- Accurately identify the type of Probate application you will require;
- Obtain the relevant documents required to make the application;
- Complete the Probate Application and the 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 securely send two copies to you;
- Collect and distribute all assets in the estate