Probate

Dealing with someone’s estate when they die can be a daunting, not to say onerous, process. This is especially the case if the deceased is someone close to you and you are grieving as well.

Our team is highly experienced in winding up estates quickly and efficiently. We can guide you through the process, whether you simply require help with the probate application, or whether you would like assistance with administering the estate as well.

We are happy to offer a free, no obligation initial meeting to discuss the estate and to provide an estimate of our likely charges.

We can also help you with tax planning after death by advising on Deeds of Variation of the will or intestacy rules. This is possible within two years of death provided the affected beneficiary consents.

As a guide, our fees in probate matters are as follows:

Application for Grant of Representation only, where you provide all required details such as valuations of assets and liabilities etc.

Non taxable estates

Drawing up a schedule of assets and liabilities to calculate the value of the estate for probate, and dealing with the application for the Grant of Representation on your behalf: £1,050 + VAT plus disbursements (probate application fee £273 plus £1.50 per copy of the Grant). If a claim for transferable nil rate band is required, then an additional fee of £250 + VAT would be charged. If a claim for residential nil rate band is required (even if the estate is non taxable) then it will be necessary to complete a full HMRC IHT400 return (see taxable estates).

Taxable estates

Completion of HMRC IHT400 and schedules, and dealing with the application for the Grant of Representation on your behalf: between £1,750 + VAT – £2,750 + VAT, depending on the number of schedules required and claims for additional IHT reliefs. Disbursements as non taxable estates.

Full administration of the estate, which would normally include us informing assets holders of the death, ascertaining the values and balances of assets and liabilities, completing HMRC forms as required, calculating IHT due, dealing with the application for the Grant of Representation, drawing up estate accounts, paying legacies and distributing the residue according to the Will (or intestacy) etc: – our fee will depend on the complexity of the estate, including for example the number of assets and liabilities that need to be dealt with, the number of beneficiaries, the number of legacies, how organised the deceased’s paperwork was, etc – we can agree a fixed fee with you based on our experience of working in this field, or our fee can be based on an hourly rate, which will depend upon the experience of the person dealing with the particular task in hand. Currently our hourly rates range between £175 – £255 plus VAT. As a rough guide, our fee for dealing with the administration of a straightforward, non taxable estate would be in the range £5,000 – £7,500 plus VAT, plus disbursements as above. Our fee for dealing with more complex and taxable estates would be greater, and there may be more disbursements to pay, such as valuers’ and accountants’ fees; we would be happy to have a no obligation discussion with you to give you a guideline as to what the overall fee may amount to.

For more information on Probate please contact us