- Fees for Dealing with the Administration of an Estate
Our Fees are based on us applying for the Grant and collecting and distributing the assets. Our hourly charges range from £150 – £201 per hour, dependent on the level of experience of the file handler. The total costs are based on the amount of time we believe it will take to administer your matter, however, this can vary due to individual circumstances.
For example, if there is one beneficiary and no property, then our costs will be at the lower end of the scale. If there are multiple beneficiaries, a property and multiple bank accounts, then the costs will be at the higher end of the scale.
The following charges apply where:
- There is a Valid Will
- There is no more than one property
- There are no more than 3 bank accounts
- There are no other intangible assets
- There are between 1-4 beneficiaries
- There are no disputes between beneficiaries on the 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
| Gross Asset Value |
Fee all excl. VAT @20%
|
| Up to £20,000 |
£650 to £1,250
|
| £20,001 to £50,000
|
£1,250 to £2,500
|
| £ 50,001 to £100,000 |
£2,500 to £3,500
|
| £100,000 to £150,000
|
£3,500 to £4,000
|
| £150,001 to £200,000
|
£4,000 to £5,000
|
| £200,001 to £300,000
|
£5,000 to £6,500
|
| £300,001 to £350,000
|
£6,500 to £7,500
|
| £350,001 to £450,000 |
£7,500 to £8,000
|
| £450,001 and above
|
By Agreement
|
If you do not wish for us to administer the estate but want us to just obtain a Grant of Probate we charge a one-off fee of £495 +VAT + Disbursements.
Applying for and obtaining a Grant Of Probate will usually take around 3 months. Administering an Estate from start to finish can take anywhere between 6-12 months depending on the complexity of the Estate and the assets involved.
- Disbursements
All of the above fees are exclusive of disbursements. Disbursements are costs that are incurred on your behalf, such as Probate Court Fees, Estate Agent Commission and any other third-party costs.
Usual Disbursements are:
- £157.50 Probate Court Fee
- £7.00 Oath Fee (per executor)
- Trustee Act Notice in the London Gazette and Local Paper (Helps to Protect against unexpected claims from creditors)
We handle the payment of disbursements for you so as to ensure a smoother process
If you do not wish for us to administer the estate but want us to just obtain a Grant of Probate we charge a one-off fee of £495 +VAT + Disbursements
Potential Additional Costs
- If there is no will or if the estate consists of any shareholdings (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 the information.
- Dealing with the sale of or transfer of any property is not included
