Probate and the Administration of Estates
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 charge on a time-spent basis at the hourly rate of £200+VAT per hour.
For most estates the range of our fees is between £500+VAT and disbursements and £5,000+VAT and disbursements.
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.
Possible disbursements include (but are not limited to);
- Probate application fee £155
- £7 Swearing of the oath (per executor)
- Bankruptcy-only Land Charges Department searches (£2 per bankruptcy search for any beneficiary who receives £1,000 or more)
- £100-£300 Post in The London Gazette – Protects against unexpected claims from unknown creditors.
- £200-£400 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 copies of the grant are required, they will cost 50p for each copy of the grant requested with the application for probate. We will request as many copies as we believe to be necessary but if further copies are needed after we have obtained the grant the cost is £10 then 50p per additional copy.
- Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?
On average it takes between 2 and 12 months to administer most estates. However, the process can be quicker or slower, depending on the complexity of the estate since there are numerous factors that can affect the timescale and many transactions take longer or less than the average timescale. The factors that will indicate that there timescale will be towards the lower end of the range are;
• 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 no more than 5 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