PROBATE COST INFORMATION
PRICE ESTIMATE FOR ADMINISTERING ESTATES
Applying for the grant, collecting and distributing the assets
We anticipate this will take between 10 and 30 hours work at £177 per hour. Total costs estimated at £1,770-£5,310 (+VAT).
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 4 bank or building society accounts
There are no other intangible assets
There are 1-4 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
Disbursements not included in this fee:
Probate application fee of £155
Swearing of the oath (per executor) - £5-£7 on average
Bankruptcy-only Land Charges Department searches (£2 per beneficiary)
Post in The London Gazette – Protects against unexpected claims from unknown creditors - £62.15 plus VAT
Post in a Local Newspaper – This also helps to protect against unexpected claims – approximately £60 plus VAT
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.
Potential additional costs
If there is no will or the estate consists of any share holdings (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.
If any additional copies of the grant are required, they will cost 50 pence (1 per asset usually).
Dealing with the sale or transfer of any property in the estate is not included, and can be quoted separately – please see our conveyancing fees for more details.
How long will this take?
On average, estates that fall within this range are dealt with within 3-6 months. Typically, obtaining the grant of probate takes 6-8 weeks. Collecting assets then follows, which can take between 6-8 weeks. Once this has been done, we can distribute the assets, which normally takes 2-4 weeks.
These figures are estimates. If you believe your case falls outside of this scope, then please contact our Probate Team for more information.
We do not provide estimates of the amount of Inheritance Tax that might be payable as this will depend on the value of the estate. More information can be found on www.gov.uk/inheritance-tax