We can help you through this difficult process by either obtaining the grant for you or assisting you with the full administration of estate.
We offer two fee options for our clients when dealing with probate.
- Obtaining a Grant only
This is charged either on a fixed fee basis or in accordance with our hourly rate, which is £220.00 per hour plus VAT.
We require you to provide us with values of all assets and liabilities in the estate. Once we have received the requisite information, we can complete the inheritance tax return forms and return the Grant to the Personal Representative so that they can administer the estate.
It is difficult to give a definitive guideline as each estate is different. Fees are likely to be in the region of £1,850.00 plus VAT.
In simple cases a Grant can be obtained within 4 weeks of receiving your instructions and valuations of the assets and liabilities of the estate from you.
- Obtaining a Grant and Administering the Estate
A full administration covers everything from writing to the banks for the probate value of all bank accounts, obtaining valuations of any property, completing the inheritance tax return forms and applying for the Grant. Once the Grant is received, we collect in all the monies, deal with any liabilities, make payment of any inheritance tax and prepare estate accounts and distribute the estate to beneficiaries in the Will, or if there is no Will, in accordance with the intestacy rules.
|Gross Value||Fixed Fee|
|Up to £100,000.00||£2000.00 plus VAT|
|Up to £200,000.00||£4000.00 plus VAT|
|Up to £325,000.00||£3000 – £4000 plus VAT|
|Between £325,000.00 and £650,000.00||1.5% of gross value plus VAT|
|Between £650,000.00 and 1m||1.5% of the gross value plus VAT|
|Above 1m||2% of the gross value plus VAT|