PROBATE: OUR FEES

Applying for the grant, collecting and distributing the assets

We anticipate the average cost of this work spent on the time based will take between 8 and 12 hours work at £220 per hour plus VAT. Total costs, including VAT, estimated at –between £2,112.00 (based on 8 hours) and £3,168 (based on 12 hours).

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 estimate is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 3 bank or building society accounts
  • There are no other intangible assets
  • There are no more than 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 of £155
    (Please note: The Government have planned an increase in Probate fees. The new fees will be published as and when the information becomes available.)
  • Bankruptcy-only Land Charges Department searches (£2.40 per beneficiary (incl VAT)
  • £95.00 Post in The London Gazette – Protects against unexpected claims from unknown creditors – Estimated costs.
  • £220.00 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 – Estimated costs.

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.

How long will this take?

On average, estates that fall within this range are dealt with within 6-8 months. Typically, obtaining the grant of probate takes 8-12 weeks. Collecting assets then follows, which can take between 8-10 weeks. Once this has been done, we can distribute the assets, which normally takes 3-6 weeks.

PROBATE: OUR FEES ON AN ESTATE REQUIRING A FULL INHERITANCE TAX ACCOUNT

Applying for the grant, collecting and distributing the assets

We anticipate the average cost of this work spent on the time based will take between 15 and 20 hours work at £220 per hour plus VAT. Total costs (including VAT) estimated at –between £3,960 (based on 15 hours) and £5,280 (based on 20 hours).

The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary, no property and two bank accounts, costs will be at the lower end of the range. If there are multiple beneficiaries, one property and multiple bank accounts, costs will be at the higher end.

We will handle the full process for you. This estimate is for estates where:

  • There is a valid will
  • There is no more than one property
  • There are no more than 6 bank or building society accounts
  • There are no more than 4 individual company share holdings
  • There are no other intangible assets
  • There are no more than 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 are no claims made against the estate

Disbursements included in this fee:

  • Probate application fee of £155
    (Please note: The Government have planned an increase in Probate fees. The new fees will be published as and when the information becomes available.)
  • Bankruptcy-only Land Charges Department searches (£2.40 per beneficiary incl. VAT)
  • £95.00 Post in The London Gazette – Protects against unexpected claims from unknown creditors – Estimated.
  • £220.00 Post in a Local Newspaper – This also helps to protect against unexpected claims – Estimated.

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 more than 4 individual company 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.

How long will this take?

On average, estates that fall within this range are dealt with within 8-12 months. Typically, obtaining the grant of probate takes 10-14 weeks. Collecting assets then follows, which can take between 8-10 weeks. Once this has been done, we can distribute the assets, which normally takes 4-6 weeks.

‘The service we received was 10/10. The staff at Bryan & Armstrong were very professional but also informal and friendly. They couldn’t have been more helpful’ – Mr & Mrs J Walker

PROBATE – FIXED FEE (ESTATE DOES NOT REQUIRE A FULL INHERITANCE TAX ACCOUNT)

If you want the certainty of a fixed fee from the onset and prefer us to obtain the Grant of Probate on your behalf and undertake the collecting and distributing of assets.

How much does this service cost?

Total: fixed fee of £4,200 (incl. VAT).

This includes: obtaining the grant, collecting assets and distributing them.

Breakdown of costs:

  • Legal fees £3,500
  • VAT on legal fees £700.00

Disbursements

(These are expenses associated with the administration of the estate and can vary depending on the number of Executors and Beneficiaries and the example quoted assumes one Executor and one Beneficiary) (£479 in total):

  • Probate court fee of £155.
    (Please note: The Government have planned an increase in Probate fees. The new fees will be published as and when the information becomes available.)
  • Bankruptcy-only Land Charges Department searches (£2.40 per beneficiary incl VAT).
  • £95.00 Post in The London Gazette – Protects against unexpected claims from unknown creditors – estimated costs.
  • £220.00 Post in a Local Newspaper – This also helps to protect against unexpected claims – estimated costs.

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.

As part of our fixed fee we will:

  • Provide you with a dedicated and experienced probate practitioner to work on your matter
  • Identify the legally appointed executors or administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and the relevant HMRC forms
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send two copies to you
  • Collect and distribute all assets in the estate

On average, estates that fall within this range are dealt with within 6-8 months.

PROBATE – FIXED FEE (ESTATE REQUIRES A FULL INHERITANCE TAX ACCOUNT)

If the estate requires a full Inheritance Tax Account to be submitted (and this could be the case even if where is no Inheritance Tax to pay) and you also wish us to act on your behalf in extracting the Grant and dealing with the estate administration. You may prefer the certainty of a fixed fee from the onset.

How much does this service cost?

Total: fixed fee of £7,200 (incl. VAT).

This includes: obtaining the grant, collecting assets and distributing them.

Breakdown of costs:

  • Legal fees £6,000
  • VAT on legal fees £1200.00

Disbursements

(Expenses associated with the administration of the estate and can vary depending on the number of Executors and Beneficiaries and the example quoted assumes one Executor and one Beneficiary) (£479 in total):

  • Probate court fee of £155.
    (Please note: The Government have planned an increase in Probate fees. The new fees will be published as and when the information becomes available.)
  • Bankruptcy-only Land Charges Department searches (£2.40 per beneficiary (incl VAT).
  • £95.00 Post in The London Gazette – Protects against unexpected claims from unknown creditors – estimated costs.
  • £220.00 Post in a Local Newspaper – This also helps to protect against unexpected claims – estimated costs.

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.

As part of our fixed fee we will:

  • Provide you with a dedicated and experienced probate practitioner to work on your matter
  • Identify the legally appointed executors or administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and the relevant HMRC forms
  • Settle the Inheritance Tax from the estate assets (where available)
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send two copies to you
  • Collect and distribute all assets in the estate

On average, estates that fall within this range are dealt with within 6-8 months.

OBTAINING THE GRANT – FIXED FEE

If you just need help in obtaining a Grant (Probate or Administration if there is no Will) and you wish to deal with the administration aspect yourself (collecting in the estate assets, settling liabilities and distributing the estate to the beneficiaries), our fixed fees are:

  • Obtaining a Grant where the estate does not require a full Inheritance Tax Account the fixed fee is: £650.00 plus VAT(£780.00 in total).
  • Obtaining a Grant where the estate does require a full Inheritance Tax Account the fixed fee is: £1,500.00 plus VAT(£1,800.00 in total).

How long will this take?

Typically Grant applications where the estate does not require a full Inheritance Tax Account to be reported to HMRC the timescale is 6-8 weeks. This will depend upon you providing us with the necessary information to complete the application.

If the estate requires a full Inheritance Tax Account to be submitted to HMRC the timescale increases to 10-14 weeks. This depends upon you providing us with the necessary information to complete the application.

VARYING AN ESTATE

If you wish to vary the distribution of an estate we can prepare the Deed of Variation as a fixed fee. This is charged at £750 plus VAT.

Have a look at our price transparency document here

‘We have dealt with Catherine Walker over a number of years. She is outstanding and I would definitely recommend Bryan & Armstrong’ – Kenneth & Jill Wagstaff

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