Wills and Probate
A Will sets out exactly what you want to happen to your property and assets once you die and allows you to choose who you would like to deal with your affairs after your death. You can leave specific gifts to loved ones and friends and make charitable gifts.
A Will allows you to make provisions for any children or other dependents you may have, for example, your Will might set out who you want to care for your children in the event of your death.
It is not necessarily the case your family will automatically inherit your assets once you die. The law on Intestacy (that is, dying without a valid Will) is complex and will not necessarily reflect your wishes. The result may not be what you would have wanted.
Standard Single Will £140 plus VAT
Standard Mirror Wills £230 plus VAT
If the Will is more complex a quote will be provided at the time of instruction.
Applying for the Grant
We can help you through this difficult process by obtaining the Grant of Probate on your behalf.
Grant (no inheritance tax payable) – fixed fee of £360 inclusive of VAT
Grant (inheritance tax payable) – fixed fee of £720 inclusive of VAT
And the following disbursements
- Probate Fee £273
- Swearing of Oath £7 * (per Executor)
- Additional copies of the Grant 50p each
Disbursements are costs related to your matter that are payable to third parties. We make payment of the disbursement on your behalf to ensure a smooth process.
As part of our fixed fee we will do the following:-
- 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 relevant HMRC forms;
- Draft the required Statement of Truth;
- Make the application to the Probate Registry on your behalf.
Typically obtaining the Grant of Probate takes 28 days.
Dealing with the Administration of the Estate (where the Executor is not a Partner in the firm) by collecting in and distributing the estate (in an uncontested matter)
We anticipate this will take between 8 – 20 hours of work at £215 per hour & VAT. The total costs are estimated at between £2,150 – £4,300 plus VAT and disbursements.
The exact cost will depend on 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 four 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 not included in the fees:-
- Bankruptcy – only Land Charges Department searches – £2 per beneficiary
- Publication of the Statutory Notices in London Gazette and local newspaper to help protect against unexpected claims estimate at £220 inclusive of VAT but will vary from case to case
Potential Additional Costs
If there is no Will or the estate consists of any shareholding (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.
- Dealing with the sale or transfer of any property in the estate is not included – see Conveyancing Section
How long will it take?
On average estates that fall within this range are dealt with within 4-8 months after obtaining the Grant of Probate including distribution of the assets.
Dealing with the Administration of Estate (Partner in the firm is an Executor) by collecting and distributing the assets (uncontested)
In addition to the hourly rate above account may be taken of the value of the assets of the estate in accordance with the Law Society Guidelines as follows:-
- 5% of the gross value of the estate excluding the value of the property
- 75% of the value of the property
The final figure will always be reviewed to ensure that the charges are fair and reasonable having regard to all the circumstances.