Applying for the grant, collecting and distributing the assets
We anticipate this will take between 15 and 25 hours work at £330 per hour plus VAT at 20%. Total costs estimated at £4950 – £8250 (+VAT at 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:
In addition to our fee, disbursements may be payable. 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.
You will be charged £237 for the probate application fee (where applicable VAT is included at 20%)
The following disbursements maybe payable depending on the circumstances of your case (where applicable VAT is included at 20%):
Potential additional costs
How long will this take?
On average, estates that fall within this range are dealt with within 6 – 12 months. Typically, obtaining the grant of probate takes 12 weeks. Collecting assets then follows, which can take between 4 – 6 weeks. Once this has been done, we can distribute the assets, which normally takes 16 – 18 weeks.
We will endeavour to agree a fixed fee with you in relation to probate matters.
The amount of work can vary greatly as some estates are simple whilst others can be complex.
The fixed fee will depend on an assessment by us of the likely amount of time we will spend on the transaction at hourly rates that range from £200 plus VAT per hour to £320 plus VAT per hour (dependent on the seniority of the person dealing with the matter).
In addition to our fee, disbursements may be payable. These are costs that are payable to third parties e.g., Probate application fee of £237 excluding VAT.
In the case of a relatively straightforward estate where the deceased left a will and no inheritance tax is due with a few bank accounts our fee would be in the region of £3000.00 – £4800.00 (+ VAT and disbursements).
In some cases, it may be difficult for us to estimate the amount of work likely to be involved and we would agree to act based on an hourly rate.
As part of our fixed fee, we will: