Wills Probate and Tax Probate

Probate + Estates - Costs

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Welcome to our Probate & Estates Costs page, where we aim to give you as much information and guidance as possible on the likely costs to be incurred when we are instructed by you to deal with the administration of a deceased’s estate. As you will see below, we give information on our two fixed fee schemes.

Additionally, we also provide information on our costs in administering both a small/medium estate as well as a large estate. You will also see that we give a brief description of the work that we shall be carrying out on your behalf.

All of the information below is for guidance purposes only and a detailed quote will be provided upon us being formally instructed. In any event please note that none of the information regarding costs on this page is applicable for Contested Estates

All of our fees (including fixed fees as well as hourly rates) are subject to review on the 1st April each year.

Our Two Fixed Fee Schemes

Administering an estate, Applying for Probate or Grant of Letters of Administration (Grant of Representation) only where the shorter form Inheritance Tax Account (IHT205) is applicable.

This first of our fixed fees scheme applies for applications whether there is a Will (often referred to as Probate) or where there is no Will (referred to as Intestacy).

At the outset of the case you will meet up with one of our dedicated and experienced estate administration practitioners. We shall then proceed to carry out the following for the fixed fee:

  • Identify the correct persons to be legally appointed to administer the estate
  • Accurately identify the type of application required to obtain the Grant of Representation from the Probate Registry (either Grant of Probate (Will) or Letters of Administration (no Will).
  • Compile a schedule accurately identifying the Asset and Liability values at death and other relevant information to complete the Estate Information Form.
  • Draft the legal Oath for the person(s) who are to be appointed to administer the estate to swear.
  • Submit the application papers to the Probate Registry.
  • On receipt of the Grant of Representation, checking that it is correct and providing the sealed copies to the personal representatives to continue the administration.
  • Computing Nil Rate Band Allowances where necessary and making claims for relief from tax if required.

The agreed fixed fees for the above will be as follows:

Legal Fees (our costs) – £1,000

VAT  – £200

Disbursements:

Oath Fees £7 per applicant (Will)

Oath Fees £5 per applicant (No Will)

Probate Court Fee £155 plus 50p per sealed copy (one sealed copy required per asset)

Applying for Probate, Administering an Estate, Applying for Probate or Grant of Letters of Administration (Grant of Representation) only where the longer form of Inheritance Tax Account is required (IHT400)

For this, our second fixed fee scheme applies where we shall carry out all of the work as outlined as above, with the addition of the following:

  • Computing Nil Rate Band Allowances where necessary and providing Inheritance Tax information including any payment of tax if required due upon application for Grant of representation.
  • Liaising with HMRC Inheritance Tax regarding submission queries.

Please note that as with our other fixed fee scheme, this applies in cases where there is a Will or indeed where there is no Will. The agreed fixed fees for this particular application will be as follows:

Legal Fees (our costs) –  £1,500

VAT  – £300

Disbursements:

Oath Fees £7 per applicant (Will)

Oath Fees £5 per applicant (No Will)

Probate Court Fee £155 plus 50p per sealed copy (one sealed copy required per asset)

Our Full Administration Estate Service

In these cases, our fees are calculated by an hourly charge out rate of £230 plus VAT for an experienced Solicitor or £220 plus VAT for an experienced Executive. As set out above, the hourly rates are reviewed on annual basis on 1st April .All the members of this Firm’s Probate Team are long-standing  Practitioners who have a wealth of expertise and experience in dealing with the varying complexities of estate administration.

The exact cost will depend on the individual circumstances of the case concerned.

However, as a rough guide, the information for the two categories below may assist:

Small and Medium Estates

(Chargeable Time required to complete up to 50 Hours)  
We would expect to have to carry out the following work, following the meeting with one of our dedicated and experienced Estate Administration practitioners to work on your matter:

  • Identify the correct persons to be legally appointed to administer the estate
  • Accurately identify the type of application required to obtain the Grant of representation from the Probate Registry.
  • Compile a schedule accurately identifying the Asset and Liability values at death and other relevant information to complete the Estate Information Form or HM Revenue & Customs Account IHT400
  • Review any means tested benefits and Income Tax position for period to date of death.
  • Advise and submit if required Will and Financial Asset Searches and Legal Notices
  • Arranging valuations for UK assets ie Property, Personal Possessions and Stocks and Shares
  • Contact 3rd parties ie Utility and  Insurance for household and/or Motor vehicle , Care Home, Credit Cards  etc
  • Draft the legal Oath for the person(s) who are to be appointed to administer the estate to swear.
  • Submit the application papers to the Probate Registry.
  • Preparation of forms for closure/sale/transfer of assets and consideration of any Inheritance Tax Capital Gains and Income Tax issues arising during the course of the administration
  • Contact beneficiaries under the Will or intestacy and obtain ID
  • On receipt of the Grant check it is correct and provide the sealed copies to Asset providers to realise assets
  • Attend to payment of debts as they arise and conclude tax issues during the administration period
  • Prepare full set of Estate Accounts and attend to distribution of residuary estate and provide Income Tax Certificates for residuary beneficiaries

Large Estates

(Chargeable Time required to complete over 50 Hours)

Following the meeting with one of our dedicated and experienced Estate Administration practitioners to work on your matter, we shall then carry out the following work:

  • Identify the correct persons to be legally appointed to administer the estate
  • Accurately identify the type of application required to obtain the Grant of representation from the Probate Registry.
  • Compile a schedule accurately identifying the Asset and Liability values at death and other relevant information to complete the Estate Information Form or HM Revenue & Customs Account IHT400. Preparation of Documentation to support Inheritance Relief claims eg Agricultural Property and Business Property Relief, Lifetime Gifting
  • Review and preparation of Income Tax position for multiple tax years prior to date of death.
  • Advise and submit if required Will and Financial Asset Searches and Legal Notices
  • Arranging valuations for UK assets ie Property, Personal Possessions and Stocks and Shares
  • Undertaking asset administration in non-UK jurisdictions eg: Isle of Man, Jersey and obtaining Grants in those jurisdictions
  • Contact 3rd parties ie Utility and  Insurance for household  for multiple properties and possibly land and/or Motor vehicle(s), Care Home, Credit Cards  etc
  • Draft the legal Oath for the person(s) who are to be appointed to administer the estate to swear.
  • Submit the application papers to the Probate Registry.
  • Preparation of forms for closure/sale/transfer of assets and consideration of any Inheritance Tax Capital Gains and Income Tax issues arising during the course of the administration for both UK and Non UK assets
  • Contact beneficiaries under the Will or intestacy and obtain ID
  • On receipt of the Grant check it is correct and provide the sealed copies to Asset providers to realise assets
  • Attend to payment of debts as they arise and conclude tax issues during the administration period
  • Prepare full set of Estate Accounts and attend to distribution of residuary estate and provide Income Tax Certificates for residuary beneficiaries
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