Pay Online

Ashby de la Zouch

01530 412 167

Tamworth

01827 58391

Probate pricing

 

Coping with the death of a person can bring a mixture of emotions and the legal side of dealing with a person’s death can often be overwhelming and confusing. Having compassionate, experienced legal advice can make this difficult situation much easier on you and your loved ones.


Where a Will is in existence the Executors often need to apply for the grant of probate which will give them the legal right to administer the estate. Where there is no Will in existence, the Will is invalid, or it does not specify Executor, an Administrator will need to be appointed.

 

Why Fishers?

We have an experienced team and we can provide you with a dedicated and experienced Probate Lawyer to work on your matter. We are aware that administering an estate comes at a time of grief and high emotion, and that most people do not know the processes and legal requirements involved.

 

We will agree with you in advance the level of service you need and explain to you at the outset an overall timescale and the different stages in relation to your matter. We will review your file/matter regularly to prevent long periods of inactivity.

 

A member of the Probate department will be available to speak with you, whether it is the fee earner themselves or a member of their team, when you need some clarity or wish to raise any queries at any stage in the process. We feel this provides reassurance and gives you an outlet for any concerns that you may have. Our fees are generally paid out of the estate before administration, so there may not be a need for you to fund the administration.

We are proud to hold WIQS Accreditations, issued by the Law Society. This involves the firm undergoing a rigorous audit process which ensures we maintain high levels of client care.

 

Pricing

The fees involved in a probate matter can vary and this will depend on the individual circumstances involved. Please note all our prices are net of VAT unless otherwise specified and the current rate of VAT is 20%. Therefore to prevent overcharging, cost estimates are given at the initial appointment once we have the required information.

 

We offer both fixed fees and an hourly rate charging rate, whereby you will be charged for each hour of work undertaken. Our hourly rate currently is £225 - £295.00 plus VAT.

 

Range of Costs With Fixed Fee For Additional Work

Our fees legal fees will range between £2,000 – £4,000 plus VAT and disbursements. The fees will vary and are dependent upon individual circumstances.

 

The range of fees will depend on issues such as the number of beneficiaries and the amount of assets in the estate. Probate fees will typically increase, depending on whether there are multiple bank accounts, shares and based on the number and value of any property.

 

We will handle the full process for you and this estimate is for estates where:

  • There is a valid Will. If there is no valid Will then this will lead to an increase of costs
  • If the Executors have predeceased or are unable or unwilling to act
  • There is no more than one property
  • There are multiple bank or building society accounts
  • There are no other intangible assets
  • There are no more than 6 beneficiaries
  • All beneficiaries have capacity and are not minors
  • There are no disputes between beneficiaries on the vision of assets. If disputes arise this will lead to an increase of costs
  • Whether there are any trusts in the Will
  • Whether there are any missing beneficiaries
  • 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

 

Fixed Fee

Where applicable Fixed Fees to be assessed on individual basis. We can help you through this difficult process by obtaining the Grant of Probate on your behalf. We will also undertake the collecting and distribution of assets and as part of the fixed fee we will:

  • Identify the legally appointed executors, administrators and beneficiaries
  • Accurately identify the type of Probate application you will require
  • Obtain relevant documents required to make the application
  • Complete the Probate Application and relevant HMRC Forms
  • Draft a Legal Oath for you to swear
  • Make the application to the Probate Court on your behalf
  • Obtain the Probate and securely send the requested amount of sealed office copies to you

 

Disbursements (For Both Options)

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

 

Inheritance Tax

There are various factors that will affect any Inheritance Tax due on an estate, including the size of the estate and any measures that were put in place by the deceased to limit the estates tax liability.

 

We do not believe that it would be sensible to attempt to provide at this stage an estimate of any tax that may be payable. We would advise you to look on the HMRC Website to calculate Inheritance Tax which may be due, the calculators can be found at: https://www.gov.uk/guidance/hmrc-tools-and-calculators#inheritance-tax-and-bereavement

 

Additional Costs

In the event that there is no Will or the estate consists of any share holdings (Stocks and Bonds), there is likely to be an additional cost that could range significantly depending on the estate and how it is to be handled. We will discuss this with you in detail and advise of any additional fees.

 

The cost of selling or transferring a property is not included in this price, if you require this service, please let us know and we will provide you with an estimate in that regard.

 

Exclusions

Our fees are fixed and include items detailed above, however there may be factors which would typically increase the cost of the fees involved. Where there is likely to be any additional cost, we will make sure you are informed of this at the earliest opportunity and a clear estimate of those extra costs will be provided.

 

Additional services that will require the assistance of a third party at additional cost include:

  • Tax advice
  • Valuations for property, savings, investments or other assets

 

Time Scales

On average, probate for the typical estate will take between 3 – 12 months. Generally, the time taken to obtain the Grant of Probate will take between 3 - 6 months, followed by the collection of assets and distribution of the assets which can take between 4 -8 months. The range takes into account handling everything from straightforward estate through to more complex estates.

 

Key Milestones

With every transaction there are key milestones, which may vary according to individual circumstances. They may be as follows:

  • Applying for Grant of Probate
  • Obtaining Grant of Probate
  • Settling Liabilities
  • Collecting funds ready for distribution
  • Distributing funds
  • Producing Estate accounts


 

Wills, Trust & Probate

Simplifying Probate Applications: A Welcome Update from HMRC

In the realm of legal practices, especially in matters involving estate management and probate applications, the process has long been known for its complexity and the lengthy waiting times practitioners face.
Read Article
Wills, Trust & Probate

Estate Planning for Blended Families: Navigating Wills and Inheritance

Blended families have become increasingly common in today's society. This article aims to provide valuable insights and guidance for UK residents in such situations.
Read Article
Wills, Trust & Probate

When inheritance plans start leaking

With increasing rates of re-marriage and the resulting blended families, parents need to take action if they wish to protect inheritance for children from a previous relationship.
Read Article
Family Law

What are your plans for 2023?

Here are a few ways a solicitor can help you when you’re starting something new in 2023.
Read Article
Wills, Trust & Probate

How does the probate journey work?

When someone close to you dies, the grieving process is combined with the journey that personal representatives and executors must go on to deal with probate.
Read Article

HOW WE CAN HELP YOU?

 

Whatever your needs, assets or personal situation, we will listen to you and provide friendly and practical advice. Understanding your circumstances is the most important thing, so if you prefer to meet in person, by video link or something else - no matter where you are, we’re here to drive the change you need, or solve the problems you have.

Make Any Enquiry Request a Callback Get a Quote

Why Fishers?

 

We are experts at what we do, with knowledge, insight and action you can trust. We listen and take the time to understand you, your circumstances and needs. It's more than experience and skill, our team bring passion. We offer recommendations that bring the complex down to earth.

FIND OUT MORE

Latest News and Events

A Comprehensive Guide to Purchasing a House Without Viewing in the UK Thumbnail
Home, Property & Land

A Comprehensive Guide to Purchasing a House Without Viewing in the UK

Owning a property is a significant milestone, and the process usually involves a great deal of planning and research. However, in some cases, you may find yourself considering purchasing a house without viewing it first.
Read Article
A Comprehensive Guide to Purchasing a House Without Viewing in the UK Thumbnail
Home, Property & Land

A Comprehensive Guide to Purchasing a House Without Viewing in the UK

Owning a property is a significant milestone, and the process usually involves a great deal of planning and research. However, in some cases, you may find yourself considering purchasing a house without viewing it first.
Read Article
Simplifying Probate Applications: A Welcome Update from HMRC Thumbnail
Wills, Trust & Probate

Simplifying Probate Applications: A Welcome Update from HMRC

In the realm of legal practices, especially in matters involving estate management and probate applications, the process has long been known for its complexity and the lengthy waiting times practitioners face.
Read Article
Empowering Carers: New Rights Under the Carers Leave Act Thumbnail
Family Law

Empowering Carers: New Rights Under the Carers Leave Act

In a significant move to support employees with caring responsibilities, we are delighted to reveal that from 6th April 2024, employees with carer’s responsibilities will be granted the statutory right to take carer’s leave
Read Article
Our clients are at the forefront of everything we do Thumbnail
Business & Workplace

Our clients are at the forefront of everything we do

Solicitor Parmveer Virdee talks about her positive experience returning to Fishers
Read Article
The Psychology of Mediating Disputes: Understanding the Human Element Thumbnail
Family Law

The Psychology of Mediating Disputes: Understanding the Human Element

Mediation is a crucial process in resolving disputes across the globe, and England is no exception. It is a method that harnesses the power of psychology to facilitate communication, negotiation, and ultimately, conflict resolution.
Read Article
12 Stages of Conveyancing – A First-Time Buyers Guide Thumbnail
Home, Property & Land

12 Stages of Conveyancing – A First-Time Buyers Guide

Buying your first home can be an exciting yet overwhelming experience. But do not worry, our dedicated conveyancing team are here to make it as smooth and stress-free as possible. Guiding you through each step, explore our comprehensive article as we wal
Read Article

 

Fishers Facebook Link

Fishers Twitter Link

Fishers LinkedIn Link

Fishers Youtube Link

Fishers Instagram Link

 

FISHERS SOLICITORS
Fishers is authorised and regulated by the Solicitors Regulation Authority, SRA number 48317. The Solicitors Code of Conduct can be found by clicking the logo.

 

 

Cookie Policy   |   Terms & Conditions   |   Privacy Policy   |   Sitemap

© 2024 Fishers Solicitors

Website Design Quiet Storm Solutions Ltd | Manage Cookie Settings

Need a Will?

We can help