For one straightforward Will the cost is £190.00 plus VAT, and £380.00 plus VAT for married couples (mirror Wills).
For a complex Will the fees start from £450.00 plus VAT (for one person) to £800.00 plus VAT (for couples). Please contact us for further information.
Our fees for a straightforward Trust Deed start at £250.00 plus VAT.
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LASTING POWERS OF ATTORNEY FEES
Our fees include:
- - Taking your instructions and providing relevant advice and guidance
- - Drafting documents
- - Providing certificate necessary for each document
- - Applying to register at the Office of the Public Guardian (OPG)
- - Providing two certified copies of each LPA for your use
- - Storing the original LPAs in our strong room at no additional cost
Lasting Powers of Attorney
(payable to the OPG)
One Lasting power of attorney documents for single person
Property & Financial Affairs OR Health & Welfare
(i.e. one document)
£350.00 plus VAT
Two Lasting power of attorney documents for a couple
Both Property & Financial Affairs & Health & Welfare powers for a single person
(i.e. two documents)
£500.00 plus VAT
Two Lasting powers of attorney documents - Property & Financial Affairs and Health & Welfare powers of attorney for a couple
(i.e. four documents)
£800.00 plus VAT
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Probate and Estate Administration
We can help you through this difficult process and offer different services depending on your needs and budgetary requirements. You may wish to limit our involvement to dealing with HMRC Tax forms and obtaining the Grant of Probate or Letters of Administration. Or, you may prefer us to deal with the whole estate administration which include obtaining the Grant of Probate, managing the collection and distribution of assets, preparing estate accounts and finalising all tax and other related estate-related matters. We can tailor our service and offer a price package according to your individual requirements.
The majority of the work will be carried out by partners and experienced solicitors with hourly rates of £220 - £250 plus VAT.
The fees stated are indicative only as each estate is different. Please contact Gill Collins by calling us or emailing Gill for an estimate based on the information about your specific case.
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Our Work will typically involve:
- - Meeting you to review the terms of the deceased’s will
- - Identifying the legally appointed executors or administrators and beneficiaries
- - Identifying the extent of the estate, the assets and liabilities and ascertaining their value for inheritance tax purposes
- - Obtaining the relevant documents needed to make the application for probate (if required)
- - Completing the probate application and the relevant HMRC forms
- - Drafting a legal statement for you to swear
- - Making the application to the Probate Court on your behalf
- - Obtaining the Probate and securely sending 4 copies to you
- - Collecting all the assets
- - Settling all liabilities
- - Finalising the inheritance tax and other tax liabilities
- - Producing full estate accounts for your approval
- - Advising on distribution of the estate, including on interim distributions
We generally charge an ahourly rate based on the number of hours spent on the case together with a percentage of the estate. The percentages where we are not appointed as executors are 1% of the gross “liquid” estate (excluding the deceased’s property), and 0.5% of the gross value of the deceased’s property plus VAT. Where we are executors the percentages are 1.5% and 0.75% plus VAT respectively.
In a scenario where there is a valid Will, a sole beneficiary, one property and a couple of bank accounts: this work would typically takes between 2-3 hours hours to prepare the papers for HMRC and submit the application to Probate with a further 3-4 hours to collect in the assets, reconcile the bank accounts, transfer the property and prepare final estate accounts. Based on an hourly rate of £250, the likely total cost would be between £1,250 - £1,750 plus VAT ous the percentage as outlined above.
The fees we charge are subject to the “fair and reasonable” rule, which means that if circumstances dictate, they will be reduced. For example, if a deceased has £1 million in one bank account and nothing else then it may not be fair and reasonable to charge the full percentages and our fees would be reduced.
Inheritance Tax Form(s) and Grant of Probate only
We will prepare the Inheritance Tax account from information provided by the executor and we will submit the probate application to obtain the grant of probate or letters of administration. The executor is personally responsible for all other matters such ascertaining the assets and liabilities, collecting in the assets, dealing with any income and capital gains tax and paying the liabilities and beneficiaries.
We charge a fixed fee, the amount of which will be discussed at the outset and will depend upon which Inheritance Tax account(s) are required, whether inheritance tax is payable and whether there are any other complexities in the accounts such as lifetime gifts, exempt / non-exempt beneficiaries. Our fee range for the vast majority of cases is between £1,500 - £3,500 plus VAT.
Factors which might increase our fee
- - There is no valid will
- - There is more than one property, or property overseas (Please note that the costs and expenses) of foreign lawyers are not included in our fee)
- - There are numerous bank accounts
- - There are other intangible assets, eg stocks and bonds
- - There are multiple beneficiaries
- - Disputes between beneficiaries
- - Claims are made against the estate
Potential additional costs
The costs set out above do not include the following services:
- - Dealing with the sale or transfer of any property in the estate
- - Dealing with any disputes which arise concerning the estate
- - Assisting with any HMRC audit of the estate
- - Liaising with foreign lawyers over the sale of any overseas property
Typical time for completion of work
It is difficult to give a precise timeframe for completion of probate matters as we are dependent on information being provided by external sources such as banks, tax offices, the probate registry and other financial institutions.
For a very straightforward, non-taxable grant only matter we would expect to receive the Grant of Probate / Letters of Administration in 6-8 weeks from making the submission to the Probate Registry. For a full service this will likely take longer as we are responsible for making various enquiries before the probate application can be submitted. Again, for a fairly straightforward non-taxable estate where we do not encounter any difficulties obtaining information from asset companies this is likely to be 3-4 months.
If we are instructed on a full service basis then once probate has been obtained it then takes further time for us to collect in the assets, deal with liabilities and sell any property and finalise tax matters. A typical estate takes 6-12 months to complete from start to finish but it may be quicker than this if the estate is small and straightforward, but it may take longer if there are difficulties in selling the property or other complexities such as further dealings with HMRC which may become necessary as the administration progresses.
We will be able to give you a more accurate timeframe when the details of the estate are known, and we will provide you with further timeframe updates as the matter progresses
Disbursements are costs related to your matter that are payable to third parties, such as Court fees. We will deal with payment of disbursements on your behalf to make the process smoother.
Probate application fee
£155 plus £1.50 for every office copy of the Grant
£2.90 per deceased, executor and beneficiary
Advertisement in the London Gazette (if required)
Land Registry Fees (if required)
Valuation fees (if required)
These depend on the assets
Landmark missing asset search (if required)
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