Probate Calculator

 

PRIVATE CLIENT DEPARTMENT

 

INITIAL MEETING – we are always happy to meet with clients to discuss their requirements and to give initial advice. Such meetings normally last between 15 and 30 minutes and we do not make a charge for such meetings.

 

 

TARIFF OF COSTS

 

Single Will                 from £200 plus VAT

Mirror Wills                from £300 plus VAT

Codicil                       from £100 plus VAT

Complex Wills          from £400 plus VAT

 

Preparing a single Lasting Power of Attorney £400 plus VAT. Preparing both Finance and Health and Welfare Lasting Powers of Attorney £600 plus VAT (plus a registration fee of £82 per document).

 

Registering an Enduring Power of Attorney £400 plus VAT (plus court fee of £82).

 

Obtaining a Deputyship from the Court of Protection from £1600 plus VAT (plus court fee of £400).

 

Preparing a post-death Deed of Variation from £500 plus VAT.

 

Severing a joint tenancy £100 plus VAT.

 

Home visits (at our discretion from £50 plus VAT).

 

Preparing a Declaration of Trust from £250.00 plus VAT.

 

Creation of Lifetime (inter vivos) Trusts quote given on application.

 

 

Obtaining a Grant of Probate only.

 

We can help you through this difficult process by obtaining the Grant of Probate on your behalf.

 

 

How much does this service cost?

 

Fixed fee of £750 (+ VAT) where no Inheritance Tax is payable.

 

Fixed fee of £1,500 (+ VAT) where Inheritance Tax is payable.

 

Inheritance Tax liability is dependent on the size of the estate. We are happy to advise clients on the likely liability prior to instruction.

Breakdown of costs:

 

Legal fees £750 / £1,500

VAT on legal fees £150 / £300

 

 

Disbursements:

 

Probate court fee of £160.

Swearing of the oath £5 per Executor plus £2 per document to be proved.

Anti-money laundering ID check £20 (+VAT) per Executor.

 

 

Potential Additional Disbursements:

 

Certainty Will Search £114

Financial Assets Search £162

 

 

Bankruptcy only:

 

Land Charges Department searches (£2 per beneficiary).

 

Post in The London Gazette and Post in a Local Newspaper – Protects against unexpected claims from unknown creditors approx. £200.

 

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.

 

 

As part of our fixed fee 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

Typically, obtaining the grant of probate takes 6-8 weeks.

 

 

Administration of an Estate

 

Administration of an Estate is conducted when a Grant of Representation has been obtained and involves collecting all assets and then distributing those assets to the appropriate beneficiaries.

 

We anticipate this will take between 5 and 15 hours work at £275 plus VAT per hour. Total costs estimated at £3,000 +VAT.

 

The exact cost 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.

 

 

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.

 

Dealing with the sale or transfer of any property in the estate is not included.

 

 

We will handle the full process for you. This quote is for estates where:

 

  • There is a valid will
  • There is no more than one property
  • There are no more than 5 bank or building society accounts
  • There are no other intangible assets
  • There are 2-8 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
  •  

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.

 

Dealing with the sale or transfer of any property in the estate is not included.

 

 

How long will this take?

 

On average, estates that fall within this range are dealt with within 3-6 months. Collecting assets can take between 6-12 weeks.

Once this has been done, we can distribute the assets, which normally takes 2-4 weeks.

 

Get in touch

If you think we've got what you need, or you just need a little advice then get in touch