Our Charges:
FULL ESTATE ADMINISTRATION SERVICE
We anticipate a full estate administration service will take between 5 and 25 hours work at £270.00 (+ VAT @20%) per hour. Our total costs estimated at £1,100.00 – £5,500.00 (+VAT @ 20%).
The exact cost will depend on the individual circumstances of the matter. For example, if there is one beneficiary and no property, costs will be at the lower end of the range. If there are multiple beneficiaries, a property and multiple bank accounts, costs will be at the higher end.
We will handle the full process for you. This quote is for estates where:
• There is a valid will
• There is no more than one property
• There are no more than five bank or building society accounts
• There are no other intangible assets
• There are no more than five beneficiaries
• There are no disputes between beneficiaries on 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
GRANT ONLY
Grant only basis £750 (+VAT at 20%) = £900 plus disbursements
WILL STANDARD STRAIGHTFORWARD
Husband and Wife £375 (+ VAT @ 20%) = £450
Occupational Trust £545 (+ VAT @ 20%) = £654 (plus £125 (+ VAT @ 20%) = £150 if severance required
Single £245 (+ VAT @20%) = £294
CODICILS
Husband and Wife £145 (+ VAT @20%) = £174
Single £125 (+ VAT @ 20%) = £150
LASTING POWER OF ATTORNEY
Single LPA (either PF or HW) £395 (+ VAT @ 20%) £79 = £474 plus £92.00 court fee
Two LPAs – either PF & HW - for same person or Husband/Wife – one LPA each
£595 (+ VAT @ 20%) £119 = £714 plus £184 court fee
Four LPAs (PF & HW each – husband/wife) £795 (+ VAT @ 20%) = £159 = £954 plus
£368 court fee
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. These will include (inclusive of VAT, where applicable):
• Probate application fee of £300.00 - VAT not applicable
• Bankruptcy-only Land Charges Department searches (£2.00 per beneficiary + VAT @ 20% where applicable)
• £90.00 + VAT @20% where applicable (estimate) post in the London Gazette – Protects against unexpected claims from unknown creditors
• £85.00 + VAT @ 20% where applicable (estimate) post in a Local newspaper – This also helps to protect against unexpected claims
Potential additional costs:
• If there is no will or 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 more information.
• Additional copies of the grant will cost £0.50 ( VAT not applicable) (1 per asset usually).
• Dealing with the sale or transfer of any property in the estate is not included.
How long will this take?
On average, estates that fall within this range are dealt within 3 - 9 months. Typically, obtaining the grant of probate takes 1 – 3 months. Collecting assets then follows, which can take between 1 – 3 months. Once this has been done, we can distribute the assets, which normally takes between 1 – 3 months.
Who will undertake the work?
The Department is currently being run by two Locums, Nisha Verma and Susan Roberts, both with many years of experience in private client work, including wills and estate administration. both are supervised by one of our firm’s directors, Ian Parker.
