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Wills and Probate Fees and Funding

//Wills and Probate Fees and Funding
Wills and Probate Fees and Funding2018-12-06T17:02:39+00:00

Wills and Probate Fees and Funding

Our fees for probate start from £500 plus v.a.t. and disbursements (see below)

Grant only Probate

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

How much does this service cost?

TOTAL fixed fee of £763

This includes: obtaining the grant, collecting assets and distributing them.

Breakdown of costs:

Legal fees £500  

VAT on legal fees £100

Disbursements £163.00

  • Probate court fee of £156
  • £7 Swearing of the oath (per executor).

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
  • Collect and distribute all assets in the estate

On average, estates that fall within this range are dealt with within 1 month.

Full estate administration

As part of our 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
  • Value the estate by writing to the banks etc.
  • 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
  • Collect and distribute all assets in the estate
  • Prepare a final estate account

We anticipate this will take between 6 and 8 hours work at £200 per hour. Total costs estimated at between £1,200 and £1,600 (+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.

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

  • There is a valid will
  • There is no more than one property
  • There are no more than 3 bank or building society accounts
  • There are no other intangible assets
  • There are no more than 5 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 excluded in this fee:

  • Probate application fee of £156 (plus 50p each for additional copies)
  • £7 for the swearing of the oath (per executor)
  • £80 (estimated and optional only) – Post in The London Gazette – protects against unexpected claims from unknown creditors.

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.

How long will this take?

On average, estates that fall within this range are dealt with within 3 to 4 months. Typically, obtaining the grant of probate takes 1 to 2 months. Collecting assets then follows, which can take between 1 to 2 months. Once this has been done, we can distribute the assets, which normally takes 3 to 4 months