Probate is the process by which the person chosen in a Will to deal with a deceased’s affairs is authorised to act. If there is no Will, a Grant of Letters of Administration is issued instead, and the law dictates who should take the Grant.
Firstly the assets and liabilities of the estate have to be ascertained, and any Inheritance Tax due has to be paid. An application is then made to the Probate Registry (a division of the High Court) for a Grant. The Probate Registry issues a Grant of Probate if there is a Will or a Grant of Letters of Administration if there is not. The Executor (with a Will) or Administrator (without a Will) collects in the assets and pays the bills or other liabilities and what is left is distributed either in accordance with the Will or as set down by law if there is no Will.
If you have suffered a bereavement, we know it can be difficult to cope with the practical issues as well as the emotional loss. We are here to help you during this stressful time.
Our team has decades of experience in dealing with probate and administration of estates. They have experience in dealing with both simple estates through to highly complex matters.
Our fees on estates vary hugely, depending on the value of the estate, the complexity of the case, and the amount of time required.
Our fees are usually settled from the estate so there are no up-front costs to the executors.
Property sales are subject to a separate fee quote.
We offer a free initial telephone consultation. We can then arrange a meeting where we discuss matters in a bit more detail and give you a guidance on our fees.
Our legal fees are based on the value of the estate and the amount of time spent working on the case. Our fees will range between £1,500 and £6,000 plus VAT and disbursements (see below) for small and simple estates. If you require a “Grant only” application they may be at the lower end. Simple estates are ones where:
- There is no more than one property in the sole name of the deceased
- There is a valid Will appointing executors
- The Executors in the Will are able to act
- There is no requirement for Deeds of Renunciation
- There is no Inheritance tax payable and there is no requirement to submit a full account (IHT400) to HMRC
- There are no more than three bank or building society accounts
- There are no debts (other than utility bills)
- There is a single beneficiary, or few beneficiaries
- There are no other assets
- There are no complications, disputes and the Will is not contested
Disbursements are costs related to your matter that are payable by us to third parties. Typical examples are as follows:
|Probate Registry Fee||£155.00|
|Office copies for the grant of probate (per copy)||£0.50|
|Advert in the local newspaper||£150.00|
|Advert in the London Gazette||£92.00|
|Bankruptcy searches (per beneficiary)||£3.00|
|Land Registry search fee (if property involved)||£6.00|
For further advice and information please email a member of our team who would be happy to help.