Obtaining the Grant of Probate only
The fixed fee will depend upon the complexity of your matter and whether or not the estate is taxable (we will advise you of this).
The fees range from £1,500 - £3,500 plus VAT at the prevailing rate (currently 20%) and you will be informed of the fixed fee before we start work on your case.
In some instances an additional charge may be added once we have established the assets and liabilities in the estate. This will be calculated by the hourly rate of the member of the team working on your case and will be agreed with you at the outset of the matter.
Your fixed fee will include:
- Taking your instructions and details of the estate and advising generally;
- Advising you about the provisions of the Will and any Codicils;
- Advising about any Inheritance Tax problems;
- Writing to all companies, banks, building societies, insurance companies, National Savings and the like and valuing the assets of the estate as at the date of death;
- Checking the liabilities of the estate and preparing a Schedule of Assets and Liabilities;
- Where appropriate negotiating with the Bank for the opening of an executors account to pay any Inheritance Tax and probate fees;
- Preparing the appropriate documents for the Grant of Probate and, where appropriate, the Inland Revenue Account;
- Telephone or in-person meetings to discuss matters and review the Probate papers, statement of truths and any necessary affidavits and filing at the Probate Registry;
- Obtaining the Grant of Probate;
- All correspondence, advice and attendances, all professional care and attention.
There are a number of factors that could make the matter more complex and in turn increase costs. These can include, but are not limited to:
- If Executor wants to appoint an attorney to deal with the estate on their behalf;
- The requirement for a special Grant (for the use and benefit of a minor; in the case of mental incapacity; to an attorney etc);
- Disagreements between executors and/or beneficiaries;
- Complexity of the tax position;
- Difficulty in obtaining information from third parties – asset providers, HMRC, executors etc;
- Locating the Will (issues);
- Business or foreign assets – obtaining valuations;
- If appointment of an Executor fails;
- If Probate Registry raise requisitions on submission of Grant application;
- Further assets and/or liabilities come to light;
- A Form IHT400 (Inheritance Tax Account) required rather than an anticipated Form IHT205 (Return of Estate Information Account).
If we encounter an issue such as one of the above factors we will discuss the necessary charges to resolve the matter and proceed with the case,
Likewise, there are a number of factors that could make the matter simpler and in turn decrease costs. These can include, but are not limited to:
- Form IHT205 required rather than anticipated Form IHT400;
- Claim against estate does not materialise;
- If client has obtained all relevant date of death balances for assets and liabilities.
There are a number of disbursements that may need to be paid in addition to the above costs including:
- Probate fees - £155 plus 50p per copy of the Grant;
- Swear fees - £5-7 per personal representative
- Valuation fees – chattels, property, business, shares etc. dependent on value and type of valuation required;
- Statutory notices - £150 - £250;
- Bankruptcy searches - £2 per search;
- Land Registry Search on title - £3.
It is estimated that obtaining a Grant of Probate will usually take between 4 to 6 months. Your dedicated point of contact will keep you informed of how your case is progressing and any expected delays.
Cherry Stuckey, Senior Associate Solicitor, is based in our Portishead Office whilst Andrew Williams, Senior Associate Solicitor, is based in our Bristol Office. Cherry and Andrew have over 30 years of combined experience supporting and guiding clients through the probate process. They are assisted by a highly skilled and friendly team of Solicitors and Wills and Probate Executives, full team details can be found on our website here.
For more information about using our professional services for either part or all of your probate case please get in touch with either office by telephone, email or our website enquiry form. One of our team would be delighted to speak to you and provide you with a quote tailored to your needs.