Probate Price Guidelines
For applying for the grant, and the collection and distribution of the assets of the estate, we anticipate to spend between10 and 300 hours of work.
Work carried out by a Senior lawyer within this firm will be charged at an hourly rate of £300.00 + VAT per hour plus Disbursement and paralegal work will range from between £100.00 – £150.00 + VAT per hour plus Disbursements.
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, multiple bank accounts, investment portfolios, foreign assets, business assets, agricultural assets and a full Inheritance Tax return to submit to HMRC, then costs will be at the higher end.
We will handle the full process for you should you require it. This cost estimate is for estates where:
- There is a valid Will or the deceased died intestate.
- There is no more than one property.
- There are no multiple bank or building society accounts.
- There are intangible assets.
- There are 1-5 beneficiaries.
- There are no disputes between beneficiaries on the division of assets. If disputes arise, this is likely to lead to a significant increase in costs.
- There may be inheritance tax payable and the executors may need to submit a full account to HMRC.
- There are no claims made against the estate.
Please note that contentious probate will incur additional charges which are often likely to be significant if the case goes before a County Court or listed in Business and Property list at the High Court.
Disbursements are costs related to your matter and are payable to third parties by you. These are often:
- Probate application fees of £155.00 (this may change from time to time).
- £10 Swearing of the oath (per executor) plus £5 per exhibit.
- Bankruptcy-only Land Charges Department searches (£2 + VAT per beneficiary).
- Trustee Act Notices circa £200-£300 (depending on the local paper used) posted in the London Gazette and a local newspaper – Protects the executors against unexpected claims from unknown creditors.
- Court fees (if the probate becomes contentious).
- Fees for expert reports.
- Fees paid to a Barrister (or agent solicitors or solicitor-advocates) to represent you at a hearing (if the probate becomes contentious). Barrister’s fees for attending a hearing are estimated (not quote) at between £1800 – £2000 per day + VAT (£2,160- £2400) for a one day hearing excluding preparation time and conference. More complex cases attract higher fees. The fees charged depend on the experience of the advocates and the complexity of the case. Costs for more complex cases will be given on an individual basis once an appropriate advocate is identified to be instructed to assist with your case.
- If a property is to be sold, this will incur additional Conveyancing and agent’s costs etc.
We handle the payment of the disbursements on your behalf to ensure a smooth process. You will either place these sums on account in our clients account, or you will reimburse us for any disbursement which we pay on your behalf.
How long will this take?
On average, estates that fall within this range (straight forward) are dealt with within 6-12 months. Typically, obtaining the grant of probate takes 8 – 10 weeks. Collecting assets then follows, which can take up to 10 weeks (in fairly straight forward cases). Once this has been done, there is the distribution of the assets, which normally takes 4- 6 weeks.
Other cases are governed by their complexity. We cannot predict how long it would take to resolve your matter.