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Enquiries

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We can help you through this difficult process by helping you to sort out the Estate. We offer two services:

1. Grant only service

If you are able to provide details of the value of all assets at the date of death and you have notified all the asset holders, pension providers, creditors, utility companies, DWP, HMRC, we can prepare the necessary Inheritance Tax forms and the Statement of Truth for executors/administrators and apply for the grant of probate (or letters of administration). We would provide you with the grant of probate when received and you would then have to gather in the assets, pay any debts, and distribute the estate to the beneficiaries. Our work included in our fees will:

  1. Provide you with a dedicated and experienced probate solicitor to work on your matter
  2. Identify the legally appointed executors or administrators and beneficiaries
  3. Accurately identify the type of Probate application you will require
  4. Advise you as to what are the relevant documents required by us to make the application
  5. Prepare the Probate Application and the relevant HMRC forms for the executors or administrators to sign
  6. Make the application to the Probate Court on your behalf
  7. Obtain the grant and securely send two copies to you

This “grant only” service is designed for executors and administrators who have the time to deal with administering the assets themselves and are familiar with the probate process. It is a useful service if the estate has a limited number of assets or the estate is low in value. Otherwise, we would recommend the Full Estate Administration Service for you which is set out below.

Our fees

Our fee for this service is between £1500 and £2000 plus VAT depending on whether we have to complete the IHT205 form or the more complex IHT400 and its accompanying schedules.

In addition, you would have to pay the probate fees of £155 plus £1.50 for each sealed copy. Other fees may be payable for other searches – see Expenses payable in addition to our fees below.

How long will it take?
It usually takes about 2 to 3 months to get the grant for you. This may be delayed depending on the Probate Registries’ volume of work in issuing grants.

2. Full Estate administration service
We can help you with the whole process of ascertaining the extent of the estate – notifying asset holders such as banks, ISA providers, obtaining valuations of stocks and shares, arranging valuations of properties, dealing with HMRC; preparing the necessary Inheritance Tax forms, the Statement of Truth for executors or administrators, and applying for the grant; then completing the application forms to close accounts, sell or transfer shares and ISA holdings, gathering in the assets; and then distributing the funds to the beneficiaries in accordance with the Will or the intestacy rules. Our work included in our fees will:

  1. Provide you with a dedicated and experienced probate solicitor to work on your matter
  2. Identify the legally appointed executors or administrators and beneficiaries
  3. Accurately identify the type of Probate application you will require
  4. Obtain the relevant documents required to make the application
  5. Prepare the Probate Application and the relevant HMRC forms for the executors or administrators to sign
  6. Make the application to the Probate Court on your behalf
  7. Obtain the grant and sealed copies
  8. Collect and distribute all assets in the Estate

Our fees
We charge for our time using hourly rates. We charge for the work done, not a percentage of the value of the estate. We would give you an estimate of the likely fees when we know the likely extent of the estate and the type of assets involved.

Assuming that there is a property to sell or transfer (for which we would make a separate charge), a couple of bank accounts, one or two ISAs and perhaps some shares to sell or transfer to 3 or 4 known beneficiaries, we would normally charge about £3500 to £4000 plus VAT for our time. In addition, there would be probate fees of £155 plus £1.50 per sealed copy and, possibly, some search fees.

Expenses payable in addition to our fees
More complex estates will cost more but our fees are competitive, and we will happily give you an estimate if you give us a call. Remember that we don’t charge a percentage – just for our time. Our hourly rates are between £170.00 plus VAT to £250.00 plus VAT.

Additional fees will be payable for work such as deeds of variation, disclaimers, deeds of appointment, affidavits, and conveyancing.

This estimate is for estates where:

  1. There is a valid Will
  2. There is no dispute between beneficiaries on division of assets. (If there is a dispute this will lead to an increase in costs)
  3. There are no claims against the Estate and
  4. There are no significant shareholdings (stocks and bonds) in the Estate

These factors can lead to an increase in our fees due to the extra work required.

Expenses payable in addition to our fees
Probate fees – currently £155.The probate registries charge £1.50 for each sealed copy and we normally ask for 4 to 6 as we have to send them to each of the asset holders in order to close accounts and obtain the funds.

Inheritance Tax – whether an Estate is taxable, and if so, the amount payable can depend on a number of factors. We refer you to www.gov.uk/inheritance-tax which will give you further information.

Optional items:

  1. Notice to creditors – advertising for possible debts before you distribute the estate – approx. £150
  2. Valuation fees – these vary but between £150 and £450 plus VAT
  3. Landmark Asset search – £135 plus VAT
  4. Certainty Will search – £38 to £95 plus VAT (or £199 plus VAT to include notice to creditors)

How long will it take?
Administering the whole estate from start to finish will normally take 6 to 12 months. It can be longer if there are complicating factors or it takes time to sell a property. It is sensible to wait 6 months after the grant of probate is issued in case of any claims being made against the estate; this isn’t always necessary where the executors are sure that there aren’t any unknown debts or assets and there aren’t any people who might be able to claim a share of the estate.

Who will do the work?
Our Wills and Probate service is provided by Beth King who has been a solicitor for over 30 years. Beth is a partner and a member of the LLP. She is assisted by a legal executive and a secretary/administrator.

Thank you. A well explained system. I was kept up to date at all times. Everything was fully explained by either letter or a quick phone call. A very professional service

Enquiries