Costs for probate (UK estates only)

We offer different levels of service tailored to your requirements. Below are some general examples of costs for typical estates.

Full Estate Administration Service

Our full estate administration services means that we undertake the following work

  • Contacting all asset holders to report the death
  • Obtain probate valuations for all assets
  • Arrange statutory advertisements as necessary
  • Arrange insurance for unoccupied property
  • Preparing the Inheritance Tax Form  IHT205 and IHT217 (Claim to transfer an unused Nil Rate Band)
  • Preparing the Oath for the Personal Representatives/Executors to swear
  • Make the application for the Grant of Probate
  • Prepare Estate Accounts
  • Carry out solvency searches against beneficiaries
  • Paying liabilities
  • Arrange to distribute the estate to the beneficiaries

We anticipate this will take between 6 to 15 hours. At Paula Tedder’s hourly rate of £240 plus VAT per hour the total estimated costs would be £1,440 to £3,600 (plus VAT). At Sabrina Ahmed’s hourly rate of £175 plus VAT per hour the total estimated costs would be £1,050 to £2,625 (plus 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 quote is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 5 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 included in this fee:

  • Probate application fee of £155
  • £7 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • Post in The London Gazette – Protects against unexpected claims from unknown creditors. £60 to £85
  • Post in a Local Newspaper – This also helps to protect against unexpected claims. Approximately £70 to £120 (prices vary between newspapers)

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

Potential 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.
  • If any additional copies of the grant are required, they will cost 50p (1 per asset usually).
  • 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 4-6 months. Typically, obtaining the grant of probate takes 6-8 weeks. Collecting assets then follows, which can take between 2-4 weeks. Once this has been done, we can distribute the assets, which normally takes 2-4 weeks.

Grant Only Service – Fixed Fee

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. Our Grant Only service means that we complete the relevant forms and submit the application to obtain the Grant of Probate on your behalf and once the Grant has been issued you deal with the ongoing administration.

Our Grant Only service is only suitable for straightforward estates where there are no complex tax issues, gifts out of income, lifetime gifts within 7 years, Trust assets,  business or foreign assets, or the possibility of the Will being contested.

Work we do:

  • Preparing the Inheritance Tax Form  (IHT205 or IHT400 plus supporting schedules) based on the information you provide
  • Preparing the Oath for the Personal Representatives/Executors to swear
  • Make the application for the Grant of Probate/Letters of Administration
  • Sending the Grant to you so you can collect the assets and pay liabilities yourself and complete the administration of the estate yourself

Work you must do:

  • Provide us with an original death certificate
  • Provide us with an original Will (or family tree if intestate)
  • Contacting all asset holders to report the death
  • Obtain probate valuations for all assets
  • Provide us with a List of Assets & Liabilities at the date of death
  • Arrange statutory advertisements as necessary
  • Arrange insurance for unoccupied property
  • Prepare Estate Accounts
  • Carry out solvency searches against beneficiaries
  • Paying liabilities
  • Arrange to distribute the estate to the beneficiaries
  • Deal with all matters relating to Inheritance Tax,  Income Tax and Capital Gains Tax

How much does this service cost?

  • Estates where an IHT205 is submitted – £750 plus VAT
  • Estates where an IHT400 is submitted  – £1,500 plus VAT

Disbursements

  • Probate application fee of £155
  • £7 Swearing of the oath (per executor)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
  • Post in The London Gazette – Protects against unexpected claims from unknown creditors. £60 to £85
  • Post in a Local Newspaper – This also helps to protect against unexpected claims. Approximately £70 to £120 (prices vary between newspapers)

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

On average, it can take 4 – 8 weeks to obtain the Grant of Probate for estate where there is no Inheritance Tax payable. For estates where there is Inheritance Tax to pay it can take 8-12 weeks for the Grant to be issued but the timescale depends on HM Revenue and Customs issuing the IHT421.

For further information please call us on 01296 424681 or send us an email.

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