We estimate that the costs for dealing with the above application only will fall between £895.00 (plus VAT and disbursements).

This estimate is for estates where:-

• All assets are in the UK

• There is a valid will or no will at all 

• 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 no disputes between beneficiaries 

• There is no inheritance tax payable and the executors/personal representatives do not need to submit a full account to HMRC

• There are no claims made against the estate

For example, if there is a valid will, one executor, no property and only two bank accounts, the estimate is likely to be at the lower end of the range. Whereas, if there is a valid will, multiple executors, one property and 4 bank accounts, the estimate is likely to be at the higher end of the range.

What is not included within our fees?

All other aspects of the estate including (not an exhaustive list):-

• Selling a property or transferring ownership of a property
  
• Notifying people and companies that the person has died
  
• Writing to banks/building societies etc to obtain date of death valuations
  
• Closing bank accounts and cashing in assets
  
• Payment of any debts
  
• Distributing the estate to beneficiaries
  

How long will it take to get a Grant of Probate/ Grant of Letters of Administration?

Typically, obtaining the grant only should take approximately 16 weeks from the date of submission to the Probate Registry. There are numerous factors that can have an impact upon the length of time that the transaction will take. For example, if the executors/personal representatives have all the information to hand at the initial appointment, then this could mean the application takes less time. Whereas if the executors/personal representatives have to provide us with further information after the initial appointment, this could mean that the application takes the application takes longer. 

* Please note that all information and examples above are for illustrative purposes only and are not necessarily a precise indication of the stages and timescales involved in probate matters. The stages, timescales, fees and disbursements will vary dependent upon whether there is a will, the type of assets involved, the value of the assets and the number of beneficiaries. 

If you require any further information upon your particular transaction, please do not hesitate to contact us. 

Dealing with the whole administration of the deceased’s estate:-

Mrs Turner, Miss Parkes and Miss Boot charge an hourly rate in respect of these types of matters, being £250.00 (plus VAT)per hour for all stated, with ten items of correspondence (whether by letter, email or by telephone and whether written, received or made) treated as equivalent to one hour’s work.

The exact cost will depend on the individual circumstances of the matter. For example, if there is a valid will, one executor, no property and only two bank accounts, the estimate is likely to be at the lower end of the range. Whereas, if there is a no will, multiple beneficiaries, one property, 4 bank accounts and shares, the estimate is likely to be at the higher end of the range.

This estimate is for estates where:-

• All assets are in the UK

• There is a valid will or no will at all 

• There is no more than one property

• There are no more than 6 bank or building society accounts

• There may be shares

• There are no other intangible assets

• There are no disputes between beneficiaries 

• There is no inheritance tax payable and the executors/personal representatives do not need to submit a full account to HMRC

• There are no claims made against the estate

What is not included within our fees?

All other aspects of the estate including (not an exhaustive list):-

× Selling a property or transferring ownership of a property

× Drafting IHT 400, the supporting schedules and payment of Inheritance Tax (if this is required, we will charge £1,000.00 plus VAT and disbursements in addition to the above estimate).

Disbursements:-

The disbursements to be paid in respect of the above may include (not an exhaustive list):-

• Probate Court fee (£155.00 plus 0.50 pence per office copy of the Grant)

• Office copies (if required £6.00)

• Land charges search (£2.00 per search)

How long will it take to administer the whole estate?

Typically, dealing with the administration of the average estate takes approximately 12-18 months. There are numerous factors that can have an impact upon the length of time that the transaction will take. For example, if there is one beneficiary, no property and 2 banks accounts, then this could mean that the administration takes 6 months . Whereas if there are multiple beneficiaries, one property, shares and 4 bank accounts, this could mean that the administration takes over 8 months. 

* Please note that all information and examples above are for illustrative purposes only and are not necessarily a precise indication of the stages and timescales involved in probate matters. The stages, timescales, fees and disbursements will vary dependent upon whether there is a will, the type of assets involved, the value of the assets and the number of beneficiaries. 

If you require any further information upon your particular transaction, please do not hesitate to contact us.