The following provides a guide to our fees in relation to us obtaining a Grant of Probate on your behalf. Please note that these prices are for illustrative purposes only – for a detailed estimate please get in touch.
|Legal fees for obtaining the Grant||£750.00|
|VAT on legal fees||£150.00|
|Disbursements (see below)||£425.00|
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of disbursements on your behalf to ensure a smoother process. They include:
|Probate court fee||£155.00|
|Copy grants||£0.50 per copy|
|Swearing of the oath||£7.00 per executor|
|Bankruptcy-only Land Charges Department searches||£2.00 per beneficiary|
|Posts in the London Gazette and a local newspaper*||£250.00 (including VAT)|
* to protect against unexpected claims from unknown creditors - combined total varies but average is approximately £250
What is included in our fees?
As part of our fixed fee we will:
- provide you with a dedicated and experienced probate solicitor or chartered legal executive to work on your matter
- identify the legally appointed executors or administrators and beneficiaries
- advise you on the content and interpretation of the will or the rules of intestacy as appropriate
- make initial contact with the 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 IHT 205 forms
- draft a legal oath for you to swear
- make the application to the Probate Court on your behalf
- obtain the Grant of Probate or Administration and securely send two copies to you
Our fixed fee is based on the following assumptions:
- your instructions can be completed within no more than two appointments
- you are able to provide us with details of all assets and liabilities of the estate, including any shareholdings, bank account numbers, property details and any outstanding liabilities
- the asset holders and creditors reasonably co-operate with our requests for information
- the size and nature of the estate is not such as to require the payment of inheritance tax or the completion of a full Inheritance Tax Account in form IHT 400 (the document required to be completed by HM Revenue and Customs and submitted at the time of the application for the grant of probate/administration)
Some Client Executors prefer to administer the estate themselves once the Grant has been obtained, so this fixed fee does not include the distribution of assets or the preparation and approval of Estate Accounts.
The cost of these additional services, should you require them, will be calculated at an hourly rate: £250 plus vat for Solicitors and £200 plus vat for Chartered Legal Executives. An estimate will be provided in advance when the full extent of the estate is known, however the cost of these additional services typically tends to fall within the range of £1,500 to £3,000 plus vat. The exact cost will depend on the number of beneficiaries, the number and nature of assets, whether any assets are outside the United Kingdom and other similar factors, all of which will have become apparent by the time the Grant has been received.
The information above provides an illustration of the average costs, key stages and anticipated timescales involved with these types of matter. However, each case is unique and there will be occasions when exceptional circumstances add to the complexity and time taken to reach a conclusion. In these situations, our fees may exceed those quoted above. We will always keep you informed of any change in circumstances and explain what we are doing to minimise any associated impact on timescales and costs. We will notify you in advance if we need to exceed an original estimate.
Common Questions & Answers
How long will the process take?
Typically, obtaining the grant of probate takes between 6-10 weeks, provided we have all the information in a timely manner to enable us to progress matters.
If you instruct us to collect and distribute the assets, this can take between 4 to 6 weeks. Once this has been done, we can prepare estate accounts for the approval of the Executors, which takes between 2-3 weeks. Upon approval of the estate accounts we can distribute the assets, which normally takes 3-4 weeks, provided the statutory notice period of 2 months has expired and there is no reason why distribution should be delayed (such as an unresolved tax issue or a claim against the estate by an individual or the Department for Work and Pensions).
Who will be handling my matter?
As soon as you have instructed us, we’ll provide you with a client care letter introducing you to the member of our team who will be acting on your behalf. Click here to meet our Lifetime Planning Team and find out more about us.