PRIVATE CLIENT 

  • Applying for the grant only

We anticipate that this will take between 3 and 4 hours work at an hourly rate between £140 to £280 plus VAT per hour. Total costs estimated between £750 to £900 plus VAT.

The exact cost will depend on the individual circumstances of the matter.

We will handle obtaining the grant for you. This quote is for estates where:

  • There is a valid will;
  • 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, currently £155;
  • £7 Swearing of an oath (per executor);

Potential additional costs:

  • If any additional copies of the grant are required, they will cost £0.50 (1 per asset usually)

How long will it take?

  • On average, estates that fall within this range are dealt with within 2 to 4 weeks. 
  • The collection and distribution of money, property and other assets belonging to a person following their death, where these are within the UK and the matters are not contested.

 

Applying for the grant, collecting and distributing the assets;

We anticipate that this will take between 11 and 33 hours work at an hourly rate between £140 to £280 plus VAT per hour. Total costs estimated at between £3,000 to £9,000 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 1 to 4 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, currently £155;
  • £7 Swearing of an oath (per executor);
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary per search);
  • Circa £200 Post in the London Gazette (protects against unexpected claims from unknown creditors) and Post in a Local Newspaper (this also helps to protect against unexpected claims).

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 £0.50 (1 per asset usually)
  • Dealing with the sale or transfer of any property in the estate is not included.
  • Dealing with the deceased’s income tax affairs to the date of death and completing tax returns for the administration period.

 

How long will it take?

On average, estates that fall within this range are dealt with within 2 to 10 months. Typically, obtaining the grant of probate takes 3 to 16 weeks. Collecting assets then follows, which can take between 2 to 4 weeks. Once this has been done, we can distribute some or all of the assets, which normally takes 1 to 3 weeks.

[ for both of the above]

  • Our people involved in doing the work will include

Jagat Shah, Partner

Gabrielle Dell, Partner

Karen White, Secretary / Assistant

Caroline Hedges, Secretary 

  • Our costs are based on the assumption that the estate is relatively simple, all based in the UK and that there are few, if any, assets that would complicate the process or lengthen our time estimates.
  • We understand the stress and emotion surrounding a recent bereavement. The work we will carry out will involve
    • Ascertain the legally appointed executors or administrators and beneficiaries.
    • Applying for a grant of probate or letters of administration, including HMRC forms (approximately 2-3 weeks)
    • Obtaining the Grant of Probate and securely providing copies to you
    • Ascertaining and collecting in the assets comprised in the estate (approximately one month thereafter)
    • Ascertaining and paying any tax on the estate (approximately 2-3 weeks thereafter)
    • Deciding upon and executing distributions of the estate in accordance with the will or intestacy rules (approximately one month thereafter)
  • Obviously, our fees do not include any external costs and charges that we may incur as part of the administration (eg. tax, penalties, repayable benefits, fees and charges). You will also be responsible for these items on behalf of the estate.