We have a wealth of experience in dealing with the administration of Estates in all types of cases with or without a Will, from straightforward low value cases to more complex ones involving inheritance tax and stocks and shares.
We can help you with the whole process, from the initial steps to finalising payments to beneficiaries, or in simple cases, we can just help you with obtaining the Grant of Probate if you are an Executor and you prefer to do everything else yourself.
HOW MUCH WILL IT COST?
This quote is for “simple Estates” where:
- There is a valid will
- There is no more than one property
- There are no more than 4 bank or building society accounts
- There are no other intangible assets
- There are 1-4 beneficiaries
- There are no disputes between beneficiaries on division of assets.
- 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
Applying for the grant, collecting and distributing the assets
We anticipate this will take between 8 and 15 hours work at £150.00 plus VAT per hour.
Total costs estimated are £1,200.00 – £2,250.00 plus VAT @ 20%
The exact cost will depend on the individual circumstances of the matter. For example, if you only want us to apply for the Grant of Probate or 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 can handle the full process for you.
Disbursements (not included in the above estimate)
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. Common disbursements are:-
- Probate application fee = £155
- Swearing of the oath fee (per executor) = £5-7
- Copies of the grant (if required) = £0.50p per copy
- Bankruptcy-only Land Charges Department searches = £2 per beneficiary
- Post in the London Gazette = £62.15 plus vat. This protects against unexpected claims from unknown creditors.
- Post in a Local Newspaper = up to £180 plus vat. This also helps to protect against unexpected claims.
“Non-simple Estates” – Potential additional costs
In some cases, what starts out as a simple estate could become more complex as more information is obtained or issues arise during the case. Other cases are clearly complex from the outset. In these cases, there could be additional costs that could range significantly depending on the estate and how it is to be dealt with and we can give you a more accurate quote once we have more information. The type of things that could increase costs could be:-
If there is no will
- If the estate consists of any share holdings (stocks and bonds)
- If the estate consists of a company or business
- If there is more than one property or complex investments
- If there are multiple beneficiaries
- If there are life policies or life time gifts or an existing trust
- If inheritance tax is payable
- If any assets or beneficiaries cannot be traced or live overseas
- If there are foreign assets/property
- If there is a dispute between beneficiaries or between Executors or both
- If there are any other contentious issues preventing the smooth administration of the Estate
Dealing with the sale or transfer of any property in the estate is not included in the above costs information.
HOW LONG WILL IT TAKE?
On average, estates that fall within the “simple Estates” range are dealt with within 4-6 months. Typically, obtaining the grant of probate takes 6 weeks. Collecting assets then follows, which can take between 6-8 weeks. Once this has been done, we can distribute the assets, which normally take 2-4 weeks.
“Non–simple” estates can take longer and the timescale will depend on the circumstances of each case, which we would discuss with you.
WHO WILL BE DEALING WITH MY CASE?
Susan M Hollywood – Solicitor
Susan is the supervisor of our Probate department. She has over 20 years experience in dealing with all kinds of Estate Administration and Wills. She qualified as Legal Executive in 1996 and then as a solicitor in 2001. She has been with our firm since 1984 and became a partner in 2005. She has helped numerous clients deal with the administration of estates and preparation of Wills.
Mrs C Shields – Solicitor
Mrs Shields is an experienced Solicitor. She has been working in our firm’s Probate and Wills department for the last 12 years, during which time she has dealt with numerous probate matters, both straightforward and complex; including cases involving complicated inheritance tax issues and companies, stocks and shares.