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Bobbets Mackan Fees relating to the obtaining of a grant if probate and the administration of a deceased estate

Fees in relation to the obtaining of a grant of probate and the administration if a deceased estate

Example fees relating to applying for a grant of probate in relation to a deceased estate including the administration of that estate relating to the collection and distribution of assets

Based on charging at an hourly rate

We anticipate this will take between 10  and 30  hours work at £250  per hour. Total costs estimated at between £2,500 Plus VAT (£500) and £7,500 plus VAT £1,500

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 2 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 (no VAT)
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary – no VAT)
  • £!00 (including VAT) per  Post in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £75 (including VAT) per 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 £00.50 (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 12 to 15  months. Typically, obtaining the grant of probate takes 12 to 20 weeks. After he grant Collecting assets then follows, which can take between 12 and 16 weeks. Once this has been done, we can distribute the assets, which normally takes a further  4 o 6 weeks subject to any standing tax issues with the inland revenue which can slow this process down

Example fees relating to applying for a grant of probate in relation to a deceased estate including the administration of that estate relating to the collection and distribution of assets

Based upon a Fixed fee

We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distributing of assets.

We set out an example if a fixed fee for the various stages of this process

Obtaining the grant of probate

TOTAL: fixed fee of £15,000 plus VAT of £300 Total £1,800

This is based upon there being no inheritance tax and one beneficiary

Disbursements : these are payments made on behalf of the estate to achieve the grant

  • Probate court fee of £155 NO VAT
  • Copies of grant £00.50  each (No VAT).
  • Bankruptcy-only Land Charges Department searches (£2 per beneficiary No VAT).
  • £100 (including VAT) Post in The London Gazette – Protects against unexpected claims from unknown creditors.
  • £75 (including VAT 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 fixed fee 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
  • Obtain the relevant documents required to make the application
  • Complete the Probate Application and the relevant HMRC forms
  • Draft a legal oath for you to swear
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send two copies to you

On average, estates that fall within this range are dealt with within 3 to 6  months. Typically, obtaining the grant of probate currently  takes in excess of 8 weeks.

 
 
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Bobbetts Mackan Solicitors & Advocates
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