All estates are different in their value and complexity
The fees involved in a probate matter can vary and this will depend on the individual circumstances involved.
We offer both fixed fees and an hourly rate charging rate, whereby you will be charged for each hour of work undertaken. In more complex cases we may also charge a value element.
We can limit our service to obtaining the Grant of Probate your behalf.
You can then administer and finalise the estate but we will be able to assist if you do need assistance and advice.
•Provide you with a dedicated and experienced Solicitor to work on your matter.
•Identify the legally appointed executors, administrators and beneficiaries
•Accurately identify the type of Probate application you will require
•Obtain relevant documents required to make the application
•Complete the Probate Application and relevant HMRC Forms
•Draft a Statement of Truth for signature
•Make the application to the Probate Court on your behalf
•Obtain the Probate and supply sealed copies to you
|Fixed legal Fees- to be outlined at the start of a matter.||Costs||VAT||Total|
|Fixed Legal Fees to include the obtaining of the grant where the estate is not chargeable to inheritance tax||£400 to £700 |
|£80 to £140||£480 to £840|
|Fixed Legal Fees to include the obtaining of the grant where the estate is chargeable to inheritance tax ||£1,200 to £1,500 |
|£240 to £300||£1,200 to £1,800|
A range is given for Fixed Legal Fees and the exact fee will be outlined at the beginning of a matter as these are influenced by a number of factors.
For example within the category of estates not chargeable to inheritance tax, an estate passing entirely to a surviving spouse with one Executor and a small number of assets will have a lower cost than an estate with a large number of assets, a number of Executors and a transferable nil rate band.
The range of fees will depend on issues such as the number of beneficiaries and whether the estate includes any property. Fees will vary between an estate with a smaller number of assets and those with for example a large number of bank or building society accounts or a number of properties.
Our hourly rates are as follows:
Fee Earner Status Charge Out Rate
Senior Solicitor £220 + VAT per hour
Solicitor £200 + VAT per hour
Probate assistant £140 + VAT per hour
We estimate costs in the administration of most estates will be between 1-3% of the value of the estate plus VAT and disbursements. An estimate will be provided at the commencement of the matter and you will be updated regarding costs during the matter.
In more complex cases we may charge a value element to reflect the responsibility placed upon the Solicitor in dealing with the estate.
This is charged at a different rate on the value of the deceased’s home and the remainder of the estate
The following percentages would usually be applied in complex cases but each case is assessed individually and the value element is often discounted. This will be outlined at the beginning of the case:
The deceased’s home – 0.5% of the value (if acting on behalf of Executors) – 0.75% of the value (if members of the firm are acting Executors)
The rest of the estate – 1% of the value (if acting of behalf of Executors) – 1.5% of the value (if members of the firm are acting as Executors)
Disbursements are costs related to your matter that are payable to third parties, such as the Probate application fee and Land Registry fees.
We handle the payment of the disbursements on your behalf to ensure a smoother process.
|Probate Fee (as at April 2019)||£155.00|
|Office Copies for the Grant of Probate||£1.50 each|
|Land Registry fee (if estate includes a property)||£3.00|
|Statutory notices in the Local Newspaper||£100 (approx.)||£20.00||£120.00|
|Statutory notices in the London Gazette||£75.00 (approx.)||£15.00||£90.00|
Statutory notices are optional if individuals are Executors but will always be placed where members of the firm are Executors
We can also carry out a search with Landmark Financial Assets for dormant or unknown assets if required which costs in the region of £130 plus VAT
The sale or transfer of a property which is part of an estate would be dealt with as a separate matter and costs information provided.
Third party additional costs
If, for example assets such as shares require a professional valuation or tax advice is required from an accountant details would be provided and these costs would be added to those outlined above.
If we are obtaining a Grant of Probate based on information provided by you and are not required to administer the estate it will take between 2 months (in the simplest of cases) and 4 months from the date of instruction to obtain the Grant of Probate. If Inheritance tax is payable this will affect the time taken.
It is difficult to provide a general estimate of timescales as each estate is different and we would always want to discuss an individual case with you to ensure that an accurate indication of timescales is given.
Most estates where we deal with obtaining the Grant and collecting in and distribution will take between 3 – 12 months with the Grant of Probate being obtained in the first 2 to 4 months and the remainder of the time relating to encashing / transferring in and distributing assets.
If the administration of the estate involves the sale of a property the overall timescale will depend on when the property is sold.