01278 457 891 01308 459 533 01305 458 189 01823 446 200 01935 382 680

What Our Clients Say

< Prev Next >


Fee Structure

FULL PROBATE

1. Our charges will be calculated by reference to the time spent by me and other solicitors and executive staff dealing with the matter.

2. The charging rates that I have quoted are reviewed periodically. I will supply you with details of any increases and when they will take effect.

3. Following our initial discussions and the information currently available I estimate that our fees will be in the region of £………….plus VAT and £………….plus VAT plus the following disbursements:

• Swear fees: £5 per person plus £2 for each exhibit
• Probate fees: £155 plus 50p per additional copy of the grant
• Bankruptcy searches: £2 per named search
• Trustee Act notices: £200 (approx. if required)
(posted in The London Gazette and a local newspaper to protect against claims from unknown creditors)

Disbursements are costs related to your matter that are payable to third parties. We handle the payments on your behalf to ensure a smoother process.

Our first bill is usually submitted once we have submitted the application for the Grant to the Probate Registry. We then bill monthly or when the work in progress reaches £500.00 whichever is the sooner.

If it becomes apparent that more time is required then we currently estimate, we shall let you know at the earliest possible opportunity. In any event we will review our costs with you every 6 months.

If for any reason this firm does not complete work you have instructed us to do then a charge subject to VAT will be made in respect of the work that has already been completed and you will also be billed for any expenses which we have incurred.

4. The charges that we will be making in this matter, as set out above, cover the work that we have been instructed to undertake and reflect the following:

• There is a valid Will
• There is no more than one property
• There are no more than 5 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

5. In particular, the estate administration does not extend to the formal setting up of any trusts contained in the Will and the costs for this work would be dealt with separately. Further it does not extend to advice regarding Deeds of Variation or the preparation of the Deed of Variation. Nor does it include the costs of dealing with the sale of any private company shares or the vesting of property into the names of the beneficiaries and completing the Land Registry requirements nor the conveyancing fees in connection with the sale of any property held in the estate.

If we are instructed to undertake further work we would need to make additional charges and I confirm that I will inform you of what these charges would be at that time.

6. There is usually no problem over payment of our bill since it is a charge on the assets of the estate and the personal representatives and beneficiaries are not normally called upon to make any payment from their own pockets in this respect. However, we may ask the executors for money on account of the disbursements which will be refunded once estate funds become available.

Timescale
I would anticipate being able to apply for the Grant of Probate within the next 3-6 months and I would hope that the estate can be completed within the next 6-12 months, which includes collecting in the assets and distributing funds.

FIXED FEE GRANT ONLY

1. Our charges are generally based on the time and effort we actually spend dealing with your matter. However in this case we have agreed to charge the matter on a fixed fee basis.

I confirm that our fee will be £750.00 plus VAT (a total of £1,050.00) plus the following disbursements:

• Swear fees: £5 per person plus £2 per exhibit
• Probate fees and office copies: £155 plus 50p per copy of the Grant of Probate

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the disbursements on your behalf to ensure a smoother process.

As part of our fixed fee we will:

• Complete the Probate Application and the relevant HMRC form IHT 205
• Draft a legal oath for you to swear
• Make the application to the probate court on your behalf
• Obtain the probate and securely send two copies to you

If for any reason this firm does not complete the work you have instructed us to do then a charge subject to VAT will be made in respect of the work that has already been completed and you will also be billed for any expenses which we have incurred.

2. The charges that we will be making in this matter, as set out above, cover the work that we have been instructed to undertake. If we are instructed to undertake further work we would need to make additional charges and I confirm that I would inform you of what these charges would be at that time.

3. In particular, the fee does not extend to ascertaining the value of assets, completion of Form IHT 400, distribution of the estate or the formal setting up of any trusts contained in the Will and the costs for this work would be dealt with separately. Further it does not extend to advice regarding Deeds of Variation or the preparation of a Deed of Variation. Nor does it include the costs of dealing with the sale of any private company shares or the vesting of property into the names of the beneficiaries and completing the Land Registry requirements nor the conveyancing fees in connection with the sale of any property held in the estate.

 

Featured Media