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.
We will be happy to discuss various fee charging structures to suit you, including fixed fees, or fees calculated by reference to an hourly rate. We find that where matters are relatively straightforward an agreed fixed fee is preferable, although we reserve the right to review this should additional assets or beneficiaries etc come to light.
As a guide, our fees in probate matters are
- Application for Grant of Representation only, where you provide all required details such as valuations of assets and liabilities etc:
- Non taxable estates: Completion of HMRC IHT205, drawing up Oath, application for Grant of Representation: £850 + VAT plus disbursements (probate application fee £155 plus £0.50 per copy);
- Taxable estates: Completion of HMRC IHT400 and schedules, application for Grant of Representation: from £1,500 + VAT plus disbursements (probate application fee £155 plus £0.50 per copy);
- Full administration of the estate, where we inform assets holders of the death, ascertain the values and balances of assets and liabilities, complete HMRC forms as required, calculate IHT due, deal with the application for the Grant of Representation, draw up estate accounts, distribute the estate to the beneficiaries, pay legacies etc: – our fee will depend on the complexity of the estate, including for example the number of assets 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.
Throughout the process, we’ll keep you fully informed, and deal with any questions or concerns promptly and sympathetically.