Our estate administration service includes: notifying organisations of the death, applying for the Grant of Probate, collecting and distributing the assets and finalising all matters of someone’s estate.
It is always difficult to estimate at the beginning of a matter how much time will be required to wind up an estate as this depends on the complexity and range of assets, any debts and number and location of beneficiaries.
Any estimate will be communicated in writing, fully explained and agreed with you before any work is done. When an unforeseen complexity arises or where the way in which you ask us to proceed means additional work, we will inform you of this and provide revised costs information.
However, the following provides an example of the firm’s fees in relation to a straightforward estate where:
We anticipate that for this kind of estate our total professional fees will be between £2,500 and £4,000 plus VAT. We will handle the entire process for you.
If there is no will or the estate consists of any share holdings (stocks and bonds) there are likely to be additional costs that could range significantly depending on the estate and how it is to be dealt with. We can give you a more accurate quote once we have more information.
Dealing with the sale or transfer of any property in the estate is not included in our estate administration service.
There will also be a number of additional payments (some of which are optional):
These payments are known as disbursements and are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure the process proceeds smoothly.
We can help you through this difficult process by obtaining the Grant of Probate on your behalf. This does not include collecting details of the assets in the estate or establishing their value.
Our total professional fees are £650 including VAT for a simple application for the Grant of Probate only. This includes obtaining the grant, but not collecting assets and distributing them. The fixed fee will be higher if the estate is taxable and a full Inheritance Tax account is required and/or if the application is more complex.
In addition there will be disbursements of:
Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
As part of our fixed fee we will: