Probate Pricing

The fees involved in a probate matter can vary and will depend on the individual circumstances involved.

We offer both fixed fees and an hourly rate charging rate (currently £195 plus VAT), whereby you will be charged for each hour of work undertaken.

Range of Costs With Fixed Fee For Additional Work

Our legal fees will range between £3,000 to £20,000 plus VAT and disbursements. We calculate the fees based on the information you provide us regarding the assets, liabilities and terms of the will or intestacy.

The range of fees will depend on issues such as the number of beneficiaries and whether the estate includes any property.  Probate fees will also typically increase, depending on whether there are multiple bank accounts, shares, complexity of the will, the complexity of the deceased’s affairs for example if the deceased was a beneficiary of a trust and based on the number and value of any property.

We will handle the full process for you and the ranges below show the price range for the average estate in each category.

Simple Estates between £3,000 plus VAT to £4,500 plus VAT

  • There is a valid Will
  • Whether or not any executors have died or refuse to act
  • There are no more than 2 to 3 bank or building society accounts
  • There are a small number of legacies in the will - up to three
  • There are a small number of beneficiaries - up to three
  • There are no disputes between beneficiaries on the division of assets. If disputes arise this will lead to an increase of costs
  • There are no trusts in the Will
  • Whether there are any missing beneficiaries
  • 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

Medium Estates Fees between £4,500 plus VAT to £8,000 plus VAT

  • There is a valid Will or there is an intestacy with a small number of beneficiaries – up to five.
  • Whether or not any executors have died or refuse to act
  • There is no more than one property
  • There are no more than 2 to 3 bank or building society accounts
  • There are life policies
  • There is a small number of shareholdings
  • The number of legacies in the will is no more than up to ten
  • The number of beneficiaries is no more than five.
  • Whether any beneficiaries do not have capacity under the Mental Health Act or are a minor
  • There are no disputes between beneficiaries on the division of assets.  If disputes arise this will lead to an increase of costs
  • There are trusts in the Will
  • Whether there are any missing beneficiaries
  • There is no inheritance tax payable and the executors do not need to submit a full account to HMRC or there is no inheritance tax to pay but the executors still need to submit a full account to HMRC (usually due to gifts of more £150,000 being made during the deceased’s lifetime or when a straightforward property trust comes to an end on the death)
  • There is the deceased’s income tax to deal with
  • There are no claims made against the estate

High Complexity Estates Fees £8,000 plus VAT to £20,000 plus VAT

  • There is a valid Will or there is an intestacy.
  • Whether or not any executors have died or refuse to act
  • There is more than one property
  • There is multiple bank or building society accounts
  • There are multiple life policies
  • There are multiple shareholdings
  • There are pension policies to deal with
  • There are multiple legacies in the will
  • There are multiple beneficiaries
  • Whether any beneficiaries do not have capacity under the Mental Health Act or a minor
  • There are disputes between beneficiaries on the division of assets.  If disputes arise this will lead to an increase of costs
  • There are trusts in the Will
  • Whether there are any missing beneficiaries
  • There is inheritance tax payable
  • There is CGT to consider
  • There is the deceased’s income tax to deal with
  • There are no claims made against the estate

Fixed Fee for Applying for the Grant only

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

  • Provide you with a dedicated and experienced Probate solicitor to work on your matter
  • Identify the legally appointed executors, administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain relevant documents required to make the application
  • Complete the Probate Application and 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

The fee is £1,200 plus VAT and disbursements for estates where there is no inheritance tax to pay and the personal representatives do not need to submit a full account to HMRC

The fee is £1,600 plus VAT and disbursements for estates where the personal representatives have to submit a full account to HMRC. 

Disbursements (For All Options)

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees or court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Anticipated Disbursements

Item

Amount
£

VAT
£

Subtotal
£

Probate Fee

155.00

0

155.00

Office Copies for the Grant of Probate (50p per copy)

0.50

0

0.50

Commissioners fees for Swearing Oath of probate per executor

7.00

0

7.00

Land Registry Search fee per property

3.00

0.60

3.60

Bankruptcy Search fee (for the deceased and per beneficiary)

2.00

0

2.00

Post in the Local Newspaper and in the London Gazette (usually

between £190.00 and £230.00)

230.00

46.00

276.00

Inheritance Tax

There are various factors that will affect any Inheritance Tax due on an estate, including the size of the estate and any measures that were put in place by the deceased to limit the estates' tax liability.

We do not believe that it would be sensible to attempt to provide at this stage an estimate of any tax that may be payable.

Additional Costs

In the event that there is no Will there is likely to be an additional cost that could range significantly depending on the estate and how it is to be handled. We will discuss this with you in detail and advise of any additional fees.

In the event that additional copies of the Grant of Probate are required, these will be charged at 50p per copy or per asset.

The cost of selling or transferring a property is not included in this price, if you require this service, please let us know and we will provide you with an estimate in that regard.

Exclusions

The ranges set out above include the items detailed under each heading, however there may be factors which would typically increase the cost of the fees involved. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

Additional services that will require the assistance of a third party at additional cost include:

  • Specialist tax advice
  • Valuations for property, savings, investments or other assets
  • Tracing agents for missing beneficiaries
  • Carrying out a Will Search
  • Carrying out a search against the Unclaimed Asset Register

Time Scales

On average, probate for the typical estate will take between 3 – 12 months. Generally, the time taken to obtain the Grant of Probate will take between 3 - 6 months, followed by the collection of assets and distribution of the assets which can take between 4 -12 months. The range takes into account handling everything from straightforward estate through to more complex estates.

Key Milestones

With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

  • Applying for Grant of Probate
  • Obtaining Grant of Probate
  • Settling Liabilities
  • Collecting funds ready for distribution
  • Distributing funds
  • Producing Estate accounts

 

For further information or to speak to one of our experts, please call us on: