Probate fee structure
Fixed Fee Options
Our fixed fee options take you up to obtaining the Grant of Probate only but do not include collecting and distributing of assets, dealing with tax clearance from HMRC for the period of administration or contacting beneficiaries. These are as follows:-
- Basic Grant Only - £900.00 plus VAT (£1,080.00)
We will prepare the paperwork and submit the application for a Grant of Representation based on the date of death valuations you provide to us. This option does not include us contacting any financial institutions or verifying the figures provided to us.
- Obtaining Information and Grant - £1,200.00 plus VAT (£1,440.00)
Under this option we will write to the various financial providers such as banks, estate agents, and investment companies etc. to request date of death valuations. We will then prepare the paperwork and submit the application for a Grant of Representation. This option does not include us contacting any utility companies or DWP or HMRC.
- Grant Only Full Service - £1,500.00 plus VAT (£1,800.00)
This option allows us to provide you with the full service up to and including obtaining a Grant of Representation. We will contact all financial institutions, utility companies, DWP and HMRC as required.
Potential additional costs to fixed fee options
Each estate is different and there can be various reasons or circumstances making one more complex than another. The below are examples of when additional costs may be chargeable but we will be able to provide you with a more accurate quote once we have more information.
- If there is no will or the estate consists of any share holdings (stocks and bonds) then there are likely to be additional costs, within a range, depending on the estate and how it is to be dealt with.
- If the estate is taxable or if in the individual circumstances the longer more complex IHT400 is required then it is likely that additional costs will be incurred to reflect the extra time required to complete such forms and supplemental schedules.
Disbursements- payments due to third parties
All options above do not include disbursements or any tax payment due which could include:-
- Probate application fee of £155 plus 50p per additional copy required (usually one per asset)
- £7 swearing of the oath (per Executor)
- Bankruptcy only Land Charge Department searches - £2 per beneficiary
- Post in The London Gazette – protects against unexpected claims from unknown creditors – on average £85 (inclusive of VAT)
- Post in a Local Newspaper – this also helps to protect against unexpected claims – on average £130 (inclusive of VAT) and dependent on geographical area
If you would like us to handle the full administration of the estate then we charge for this work on a time basis so the estate will only be charged for the work actually carried out, and not a percentage or uplift fee based on the value of the estate.
The hourly rates of our staff who may be working on your file are:-
|Solicitors with five years or more experience||£235.00|
|Solicitors with experience up to five years||£195.00|
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs are likely to be in the region of £1,500 - £1,800 plus VAT and disbursements. If there are multiple beneficiaries, a property and multiple bank accounts, the costs are more likely to be in the region of £2,500 - £4,500 plus VAT and disbursements. Where estates are taxable, costs may be significantly higher and typically range between £4,000 - £8,000 plus VAT and disbursements but in all cases we will be able to provide you with a more accurate quote once we have more information. (VAT is charged at 20%). Disbursements will be required as above.
As part of the full administration service 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;
- 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 and complete all paperwork required to cash in bank accounts and investments;
- Collect and distribute all assets in the estate.
- OPTIONAL – we can also obtain tax clearance for the period of administration and complete any necessary tax returns for the tax year up to the date of death. This will incur additional fees than as estimated above but more accurate quotes can be given once we have further information.
How long will this take?
For full administration, on average, non-taxable estates with several bank accounts and multiple beneficiaries are dealt with within 6-9 months. Where an estate is taxable, the average timescale to complete an administration would be 9-12 months depending on HMRC. To see our Estate Administration Summary for a more detailed breakdown of the process and average timescales please click here.
*These fees and estimates only apply to uncontested cases with all assets in the UK. They are accurate as at December 2018 but are subject to review every 3 months. Hourly rates are reviewed annually in April. *