Example fees for full probate administration
Our fees are keenly priced to ensure that you receive maximum value from the work we do for you.
We provide a range of different estate administration services depending on the requirements of the particular client or estate – these can vary enormously. In the course of our work we may be simply obtaining the grant for one client while administering a complex estate for another.
We are always upfront about costs and will always provide as much information as we can. Please give us a call for an initial no-obligation discussion regarding your specific circumstances.
We have set out below an idea of what costs might be involved in administering a relatively “normal” estate. These will be payable from the estate.
As always, the exact cost will depend on the particular circumstances of the estate. 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.
In this example, we will handle the full process for you, including applying for the grant and collecting and distributing the assets.
This example is for an estate where there:
- is a Will
- is no more than one property
- are between 1 and 5 UK bank or building society accounts
- are no shareholdings nor intangible assets (eg intellectual property rights)
- are no more than a handful of debts to be discharged from the estate (other than funeral related expenses)
- are between 1 and 5 beneficiaries
- are no disputes between beneficiaries or between executors
- is no inheritance tax payable and the executors do not need to submit a full account to HMRC
- are no claims made against the estate
Fees for our services:
For estates falling within this range, we would usually charge for our time on an hourly rate basis of £245 plus VAT and our legal fee would typically total between £975 and £4,000 plus VAT.
We are required to comply with anti-money-laundering (AML) regulations and to carry out identity checks of clients. We charge a fee of £15 plus VAT per executor to contribute to the costs involved.
Disbursements (inc VAT at 20% where applicable):
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of disbursements on your behalf to ensure a smoother process.
- probate application fee of £155
- £2, per beneficiary, bankruptcy-only Land Charges Department searches
- £220 (approx) post in the London Gazette & local newspaper (to protect you against unexpected claims from unknown creditors)
- £108 National Wills Register Will Search Service to check for other Wills, to help prove that the Will is the last Will
Total costs, including VAT and likely disbursements in these example circumstances:
Our legal fee: £975 to £4000
Our AML ID fee* (per executor): £15
Total of our fees: £990 to £4015
Total disbursements**: £485
VAT on our fees: £195 to £800
Total: £1,670 to £5,300
*AML ID fee on the basis of one executor
** Disbursements on the basis of one beneficiary
Potential additional costs:
No-one likes hidden surprises, especially when it comes to costs, so we will always let you know as soon as we are aware of potential additional costs that may apply.
These are some common circumstances that occur where additional costs may arise:
- Dealing with the sale or transfer of any property in the estate is not included. Our Property Team will be able to assist with this work and we will obtain their fees information for you in that case.
- If any beneficiary is no longer living, additional work may be required to correctly trace/check the identity and entitlement of their heirs depending on the “class” of beneficiary.
- If any beneficiaries are not UK residents additional work will usually be required.
- In certain circumstances we may be obliged to carry out identity checks of beneficiaries, which may incur additional disbursements.
- The Probate Registry currently charges £1.50 for each additional copy of the grant, if required.
- We are optionally able to make payments to beneficiaries electronically for an additional fee, per payment, which is currently £30 plus VAT per payment to a UK bank account.
How long will this take?
The time taken to complete the administration of an estate that falls within this range largely depends on factors that are outside our control (such as HMRC and the Probate Registry).
Assuming that we receive all of the information we need promptly, administration of estates that fall within this range are usually completed in 6 to 12 months.