How much does Estate Administration cost?
Where there is a valid Will an application can be made to obtain a Grant of Probate. If there is no valid Will an application is made for a Grant of Letters of Administration
Please note the fees listed in the Table below relate to Estates where all the assets are located in the UK and the Estate is not disputed (uncontested) and the gross value of the Estate is less than £325,000.00 (so no Inheritance Tax is payable).
In addition, if as the matter progresses it becomes apparent that we are unable to carry out the work on a fixed fee basis, we will set out clearly the reasons for this material change and discuss with you the additional costs that we have identified and which may be incurred and seek your instructions as to whether you wish us to proceed.
- VAT is currently 20%
- Hourly rate – £275.00 plus vat
£850 + VAT
|Dealing with whole estate (obtaining Grant, collecting in assets and distributing to beneficiaries) – not including any property transfers/matters/sale
1. Basic fee
Estate of 1 property and up to 4 accounts
Estate of 1 property and from 4 up to 10 accounts
PLEASE NOTE: If there are over 10 bank accounts in the Estate the work will be provided at an hourly rate and we will provide you with an estimate of our fees.
|2. Additional fees – shareholdings
There will be additional fees of
PLEASE NOTE: If there are more than 10 shareholdings the work will be provided at our hourly rate and we will provide you with an estimate of our additional fees
3. Additional fees – beneficiaries
There will be additional fees based on the number of beneficiaries as to the Estate
|4. Disbursements (i.e. payments to 3rd parties to progress the matter)
Please note that these fees can change and may not be payable – i.e. not relevant – in all Estate matters
Other disbursements will be advised as required, for example:
|5. Property sales
We do not carry out conveyancing work and the sale of any property will incur additional fees. We will obtain quotes from other Solicitors for your consideration as required. We are unable to speculate on what such fees will be at this stage as the fee will be based on the value of the property, the registration of the transaction at HM Land Registry, the complexity of the transaction etc
6. Property transfers
Transfers of property (into the names of beneficiaries for example) where there is no actual sale will incur additional fees for which a quote from other Solicitor can be provided should this be required.
|Who will carry out this work, what will be done and how long will it take?
Work will be carried out by Nicola Brooks, a Partner. Nicola completed her legal training at Knights & Sons in Newcastle under Lyme (now Knights plc) and qualified as a Solicitor in 1992. She has dealt with a large number of Estates of various complexity and value throughout her legal career and attends relevant professional development courses annually.
Nicola will (but the steps are not limited to those below):
On average, Estates that fall within the category above are dealt with within 6-12 months. The Grant can take on average 8 – 16 weeks (delays in HM Courts and Tribunal Service occur) to be issued from application being made ( but this can be longer)
|NOTE: Where there are assets outside the UK, the Estate has a gross value of £325,000.00 or more (so Inheritance Tax may be payable) the fixed fees above do not apply and we will provide an estimate of the costs once we have reviewed the documents and information provided by the Personal Representative.