PROBATE: OUR FEES

Applying for the grant, collecting and distributing the assets

We anticipate the average cost of this work, on a time spent basis, will take between 8 and 12 hours at £260.00 per hour plus VAT at 20% (£52.00) making a total hourly cost of £312.00.

Total costs estimated at between 

£2,080.00 (based on 8 hours) plus VAT at 20% (£416.00) making a total of £2,496.00 and;

£3,120.00 (based on 12 hours) plus VAT at 20% (£624.00) making a total of £3,744.00

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 in addition to our legal fees are:

  • Probate application fee of £273.00
  • Bankruptcy-only Land Charges Department searches £2.00 per beneficiary (plus VAT @ 20% which is £0.40) making a total of £2.40 per search
  • £200.00 Post in The London Gazette – protects against unexpected claims from unknown creditors – Estimated costs.
  • £300.00 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 £1.50 plus VAT at 20% (0.30p) which makes a total of £1.80 per copy, (one per asset usually required).
  • Dealing with the sale or transfer of any real property/land 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 12-16 weeks. Collecting assets then follows, which can take between 8-12 weeks. Once this has been done, we can usually distribute the assets (subject to the particular circumstances), which normally takes 6-8 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 £260.00 per hour plus VAT at 20% (£52.00) making a total hourly rate of £312.00.

Total costs estimated at between 

£3,900.00 (based on 15 hours) plus VAT at 20% (£780.00) making a total of £4,680.00 and;

£5,200.00 (based on 20 hours) plus VAT at 20% (£1040.00) making a total of £6,240.00

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 in addition to our legal fees are:

  • Probate application fee of £273.00
  • Bankruptcy-only Land Charges Department searches £2.00 per beneficiary (plus VAT @ 20% which is £0.40) making a total of £2.40 per search
  • £200.00 (estimated) Post in The London Gazette – protects against unexpected claims from unknown creditors.
  • £300.00 (estimated) 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 (all prices as estimated and will vary depending on the nature of the estate).

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 £1.50 plus VAT at 20% (0.30p) which makes a total of £1.80 per copy, (one per asset usually required).
  • Dealing with the sale or transfer of any real property/land in the estate is not included.

As part of our fee we will:

  • Provide you with a dedicated and experienced probate practitioner to work on your matter
  • Take your instructions and provide tailored advice
  • Identify the legally appointed executors/administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Value the estate
  • Prepare all inheritance tax documentation
  • Assist you in settling the inheritance tax due
  • Obtain the relevant documents required to make the application for a Grant of Probate
  • Complete the Probate Application by way of a Statement of Truth
  • Make the application to the Probate Registry on your behalf and monitor progress of the same
  • Obtain the Grant of Probate
  • Provide any further advice as required
  • Collect and distribute all assets in the estate as appropriate
  • Report to you and conclude all matters

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 12-16 weeks. Collecting assets then follows, which can take between 8-12 weeks. Once this has been done, we can distribute the assets, which normally takes 6-8 weeks.

Do I Really Need a Will

‘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 £3,500.00 plus VAT at 20% (£700.00) which totals £4,200.00

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

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 application fee of £273.00
  • Bankruptcy-only Land Charges Department searches £2.00 per beneficiary (plus VAT at 20% (£0.40) making a total of £2.40 per search
  • £200.00 (estimated) Post in The London Gazette – protects against unexpected claims from unknown creditors.
  • £300.00 (estimated) 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 (all prices as estimated and will vary depending on the nature of the estate).

As part of our fee we will:

  • Provide you with a dedicated and experienced probate practitioner to work on your matter
  • Take your instructions and provide tailored advice
  • Identify the legally appointed executors/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 by way of a Statement of Truth
  • Make the application to the Probate Registry on your behalf and monitor progress of the same
  • Obtain the Grant of Probate
  • Provide any further advice as required
  • Collect and distribute all assets in the estate as appropriate
  • Report to you and conclude all matters

On average, estates that fall within this range are dealt with within 8-10 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 outset.

How much does this service cost?

Fixed fee of £6,000.00 plus VAT at 20% (£1,200.00) which totals £7,200.00

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 application fee of £273.00
  • Bankruptcy-only Land Charges Department searches £2.00 per beneficiary (plus VAT at 20% (£0.40) making a total of £2.40 per search
  • £200.00 (estimated) Post in The London Gazette – protects against unexpected claims from unknown creditors.
  • £300.00 (estimated) 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.

As part of our fee we will:

  • Provide you with a dedicated and experienced probate practitioner to work on your matter
  • Take your instructions and provide tailored advice
  • Identify the legally appointed executors/administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Value the estate
  • Prepare all inheritance tax documentation and submit the same to HMRC
  • Assist you in settling the inheritance tax due
  • Answer queries raised by HMRC in regard to the Inheritance Tax Account
  • Obtain the relevant documents required to make the application for a Grant of Probate
  • Complete the Probate Application by way of a Statement of Truth
  • Make the application to the Probate Registry on your behalf and monitor progress of the same
  • Obtain the Grant of Probate
  • Provide any further advice as required
  • Collect and distribute all assets in the estate as appropriate
  • Report to you and conclude all matters

On average, estates that fall within this range are dealt with within 10-12 months.

OBTAINING THE GRANT – FIXED FEE

If you just need help in obtaining a Grant (Probate or Letters of 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: £750.00 plus VAT at 20% (£150.00) which totals £900.00. Obtaining a Grant where the estate does require a full Inheritance Tax Account the fixed fee is £1,500.00 plus VAT at 20% (£300.00) which totals £1,800.00.

    As part of our fee we will:

    • Provide you with a dedicated and experienced probate practitioner to work on your matter
    • Take your instructions and provide tailored advice
    • Identify the legally appointed executors/administrators and beneficiaries
    • Accurately identify the type of Probate application you will require
    • Identify whether you need to submit an Inheritance Tax form
    • Obtain the relevant documents required to make the application for a Grant of Probate
    • Complete the Probate Application by way of a Statement of Truth
    • Attend to the preparation of the Inheritance Tax form (where required) and supporting documents and submit these to HMRC on your behalf
    • Make the application to the Probate Registry on your behalf and monitor progress of the same
    • Obtain the Grant of Probate and provide this to you

    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 12-16 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 16-20 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 as follows:

Deed of Variation – £800.00 plus VAT at 20% (£160.00) which totals (£960.00).

 As part of our fixed fee we will:

  • Take your instructions
  • Examine the Will and any other relevant documentation to assist in the drafting process
  • Draft a Deed of Variation to be forwarded to you for consideration
  • Arrange for your signature to the Deed of Variation
  • Contact all relevant parties in connection with the Deed of Variation
  • Complete the Deed and report to you

How long will this take?

Typically, a Deed of Variation would be completed within around 4-6 weeks though this will depend upon the necessary information being provided to us.

Have a look at our price transparency document here

Probate and Trust Litigation

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

LATEST NEWS

Take a look at our latest news articles that cover a wide variety of legal subject matter, that is both topical and informative.