Information on Pricing

Probate

 

Applying for the grant, collecting and distributing the assets

 

We undertake this work on a fixed fee basis. This is 1% of the net value of the estate + VAT subject to a minimum of £750 + VAT (£900 inclusive).

We will handle the full process for you. This quote does not include situations where:

  • There is a dispute between beneficiaries on division of assets. If disputes arise this is likely to lead to an increase in costs

  • There is inheritance tax payable and the executors need to submit a full account to HMRC. This is likely to lead to an increase in costs.

  • There are claims made against the estate. This is likely to lead to an increase in costs.

 

Disbursements are not included in this fee and the following may also be payable:

  • Probate application fee of £155.00.

  • £5-10 Swearing of the oath (per executor)

  • Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary)

  • £62.15 Post in The London Gazette – Protects against unexpected claims from unknown creditors.

  • £22.45 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 £0.50p (2 per asset usually).

  • Dealing with the sale or transfer of any property in the estate is not included.

 

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

  • Collect and distribute all assets in the estate

 

How long will this take?

 

On average, estates that fall within this range are dealt with within 3-4 months. Typically, obtaining the grant of probate takes 4-8 weeks. Collecting assets then follows, which can take between 4-8 weeks. Once this has been done, we can distribute the assets, which normally takes 1-2 weeks.

3 Market Place, Bedlington  NE22 5TN

 

Tel: 01670 536 270

Fax: 01670 457 415

 

DX 62706 Bedlington

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