Private Client Serives: Pricing Structure & Policy
Probate Services: Obtaining Grant, collection and distribution of assets
Cost
Our Fees
Estimate range: £3,000 – £4,000* plus VAT based our hourly rates.
£10 plus VAT – Identity verification search (per person)
VAT is added to our costs figures, above, and is currently charged at the prevailing rate
Disbursements
- £155 – Probate application fee – subject to change in line with Government fees.
Or
- £2 (plus VAT) – Bankruptcy-only Land Charges Department searches (per beneficiary)
- £300-£450 – Advert in Newspaper (dependant on local paper charges)
Assumptions
The fee range is conditional on the below assumptions:
- There is a valid will
- There is no more than one property
- There are no more than 5 bank accounts
- There are no other intangible assets
- The full estate is within the UK
- There are no more than 5 beneficiaries
- There are no disputes between beneficiaries on division of assets.
- There is no inheritance tax payable
- The Executors do not need to submit a full account to HMRC
- There are no claims made against the estate
What we will do for you
- 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
- Identify the information required to make the application
- Complete the Probate Application and the relevant HMRC forms based on the information provided by you and obtained from interested parties
- Draft a legal oath for you to swear
- Make the application to the Probate Court on your behalf and deal with any requisitions
- Obtain the Grant and collect in the assets and discharge liabilities from funds received
- Prepare final accounts and distribute
Optional Extras
- Dealing with estates where there is no will
- Dealing with estates that consist of any shareholdings
- Additional copies of grant (4 will be obtained within the £157 application fee)
- Sale or transfer of property
- Dealing with property and/or assets outside of the UK
- Correspondence relating to a property in the estate that is not sold within 6 months of the date of the Grant of probate
The above services are at an additional cost
On average, estates that fall within the range are dealt with within 6-8 months. Typically, obtaining the Grant of Probate takes 2-3 months. Collecting assets then follows, which can take between 2-6 months, dependent on whether there is a house to sell. Once this has been done, we can distribute the assets, which normally take place 6 months after the date of the Grant of Probate or, it later, when all assets are collected in.
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